The valuations of real property and the rate of taxes on such real property located in the city, owned by any person who is sixty-five (65) years of age or older or disabled and who does not have income from all sources in excess of six thousand dollars ($6,000.00) per year are hereby frozen at the valuations and rate used for the 1972 tax roll for those entitled and who qualified as of December 31, 1972; and for those entitled and qualified after December 31, 1972, at the valuations and rate used for the tax roll for the year an owner becomes sixty-five (65) or disabled and is otherwise entitled and qualified; provided, however, that such freeze of rate and valuation on real property shall apply only to single-family dwellings or two family owner occupied dwelling in which such person resides; and provided further, that such freeze shall not be allowed unless the person claiming entitlement thereto shall have presented to the tax assessor on or before the last day on which sworn statements may be filed with the assessor for the year for which the foregoing is claimed, due evidence that he or she is so entitled. This section shall not have retroactive application.
(Prior code § 2-33.7; Ord. 03-42 § 1)