§ 50-27. Elderly.

The senior citizen tax exemption shall be as follows:

Annual Income			% Assessed Valuation
			Exempt From Taxation
$0	but less than	$24,000	50%
24,000	but less than	$25,000	45%
25,000	but less than	26,000	40%
26,000	but less than	27,000	35%
27,000	but less than	27,900	30%
27,900	but less than	28,800	25%
28,800	but less than	29,700	20%
29,700	but less than	30,600	15%
30,600	but less than	31,500	10%
31,500	but less than	32,400	5%

 

(L.L. No. 6-1989, § 1, 12-28-89; L.L. No. 3-1991, § 1, 11-25-91; L.L. No. 10-1993, § 2, 11-22-93; L.L. No. 2-1994, § 2, 12-12-94; L.L. No. 3-2006, § 1, 2-27-06)

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