[Adopted 6-2-1961 by Ord. No. 122]
It is hereby determined that the financial position of the taxing district of the Borough of West Wildwood in the County of Cape May for the year 1961 will not be impaired by exempting real property to an assessed valuation not exceeding $800 in the aggregate of certain aged persons, as prescribed by Chapter 9 P.L. 1961, approved April 5, 1961.[1]
[1]
Editor's Note: P.L. 1961, c. 9 was repealed by P.L. 1963, c. 172; see now N.J.S.A. 54:4-8.40.
Every person, a citizen and resident of the State of New Jersey, of the age of 65 or more years, having an income not in excess of $5,000 per year, and residing in a dwelling house owned by him which is a constituent part of his real property, shall hence forth be entitled, on proper claim being made therefor, to exemption from taxation on such real property to an assessed valuation not exceeding $800 in the aggregate, commencing during the year 1961, upon compliance with the applicable statutes, but no such exemption shall be made in addition to any other exemption to which said person may be entitled.
The exemption hereby provided for shall be in accordance with and pursuant to Chapter 9 P.L. 1961, approved April 5, 1961, and the exemptions claimed and allowed for 1961 shall operate to reduce the taxable valuations for 1961 for the purpose of computing the amount of tax due upon such properties for such year.