[Adopted 7-5-1961]
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.