The exemption from taxes created hereunder shall be limited to the additional assessment valuation attributable to 100% of the actual costs of improvements to the deteriorated property for the first two years; 75% of the actual costs of improvements to the deteriorated property for the third year; 50% of the actual costs of improvements of the deteriorated property for the fourth year; and 25% of the actual costs of improvements of the deteriorated property for the fifth year.
(Prior Code, Ch. 24, Pt. 4, § 402) (Ord. 1-96, passed 8-5-1996; Ord. 04-01, passed 8-6-2001)