Every resident of the City of New Castle, being the
owner of real property located therein, who is 65 years of age or
older shall be entitled to an exemption from municipal taxation on
such real property to the extent of the first $32,000 of assessed
valuation thereof, provided that the income of a property owner shall
not exceed $15,000 for an individual or $30,000 for a couple.
[Amended 7-2-1985 by Ord. No. 270; 11-5-1986 by Ord. No.
285; 4-2-1991 by Ord. No. 330; 8-3-1993 by Ord. No. 352; 6-13-2000 by Ord. No. 394; 12-11-2007 by Ord. No. 455[1]]
No person shall be entitled to exemption from taxation
unless he/she shall have made written application therefor prior to
September 1, 1970 for the fiscal year July 1, 1970, to June 30, 1971,
and prior to May 1 of each subsequent year for the fiscal year beginning
on the following July 1.
The Council of The Mayor and Council of New Castle
may by resolution prescribe forms upon which application for exemption
from taxation under this article shall be made.