Real property located within the boundaries of any incorporated
municipality may be exempted from municipal property tax by the municipality
when, in the opinion of the Town Council, it will best promote the
public welfare.
For any property annexed into the Town during 2017 and thereafter,
the first year of real estate property taxes shall be abated for the
period of one year from the date of annexation. In the event that
the date of annexation does not coincide with the start of the Town's
tax year, the abatement shall be prorated in the two tax years, so
as to provide for a full 12 months of abatement.