Real property owned by one or more persons, each of whom is
65 years of age or over, or real property owned by husband and wife,
or by siblings, one of whom is 65 years of age or over, shall be exempt
from taxation for Town of Pendleton purposes to the extent as provided
in the following schedule:
Annual Income
|
Exemption Percent
|
---|
Less than: $26,200
|
50%
|
$26,200 to $27,199.99
|
45%
|
$27,200 to $28,199.99
|
40%
|
$28,200 to $29,199.99
|
35%
|
$29,200 to $30,099.99
|
30%
|
$30,100 to $30,999.99
|
25%
|
$31,000 to $31,899.99
|
20%
|
$31,900 to $32,799.99
|
15%
|
$32,800 to $33,700.00
|
10%
|
Any person otherwise qualifying under this section shall not
be denied the exemption under this section if the individual becomes
65 years of age after the appropriate taxable status date and on or
before December 31 of the same year.
This Article
II shall become effective March 1, 2023, and this schedule shall be employed by the Town of Pendleton Assessor in the preparation of any assessment roll prepared subsequent to such date.