2. (a) Such real property shall be exempt for a period of 1
year to the extent of 0% of the increase in assessed value thereof
attributable to such construction, alteration, installation or improvement
and for an additional period of 9 years; provided, however, that the
extent of such exemption shall be decreased by 0% each year during
such additional period of 9 years. The following table shall illustrate
the computation of the tax exemption:
|
Year of Exemption
|
Percentage of Exemption
|
---|---|
1
|
0
|
2
|
0
|
3
|
0
|
4
|
0
|
5
|
0
|
6
|
0
|
7
|
0
|
8
|
0
|
9
|
0
|
10
|
0
|