Every person who is a citizen and resident of
the State of New Jersey for a period of three years immediately preceding
October 1 of the pretax year, of the age of 65 years, having an income
not in excess of $5,000 per annum and residing in a dwelling house
owned by him which is a constituent part of his real property, shall
be entitled, on proper claim being made and allowed therefor, to exemption
from taxation on such real property to an assessed valuation not exceeding
$800 in the aggregate, but no such exemption shall be in addition
to any other exemption to which said person may be entitled.
The financial position of the Township of Mullica,
the County of Atlantic, for the year 1961, will not be impaired by
the exemption so claimed.
The exemption claimed and to be allowed for
the year 1961 shall operate to reduce the taxable valuations of real
property for the year 1961 in the Township of Mullica in the County
of Atlantic.
All applications for exemptions under this article
for the tax year 1961 may be filed on or before July 1, 1961, and
all applications for exemptions in subsequent tax years may be filed
on or before November 1 of the pretax year. Such applications shall
be on forms prescribed by the Director, Division of Taxation, in the
Department of the Treasury of the State of New Jersey.