Sec. 31-200. - Definitions.

As used in this section, the term "disabled" means under a disability for purposes of receiving disability insurance benefits under the Federal Old Age, Survivors and Disability Insurance Act administered by the Social Security Administration, and shall include all conditions required for eligibility under said Act.

(Ord. No. 100324, § 2, 1-20-05)

Sec. 31-201. - Exemption granted.

Upon compliance with all requirements of this article and all other applicable laws and resolutions, twelve thousand five hundred dollars ($12,500.00) of the assessed value of the residence homestead of a disabled individual shall be exempt from ad valorem taxes levied by the city.

(Ord. No. 100324, § 2, 1-20-05)

Sec. 31-202. - Effective date.

The exemption granted by this article shall be effective as to such residence homesteads as may qualify hereunder commencing with the 2005 tax year.

(Ord. No. 100324, § 2, 1-20-05)

Sec. 31-203. - Limitations of exemption.

The exemption authorized hereby shall extend only to a residence homestead as same may be defined by the laws of the state. Such exemption shall be allowed only if the property in question is in fact a residence homestead of the applicant and such person meets the definition of disabled during the tax year.

(Ord. No. 100324, § 2, 1-20-05)

Sec. 31-204. - Determinative date for exemption.

The exemption for an individual who is disabled is effective as of January 1 of the tax year in which such person qualifies for the exemption (meets the definition of "disabled") and applies to the entire tax year.

(Ord. No. 100324, § 2, 1-20-05)