(A) An exemption may be granted for any year following the date that the head of the household occupying the dwelling and owning title or partial title thereto reaches the age of 65 years.
(B) If after an audit and investigation the Commissioner of the Revenue determines that the person is qualified for exemption, the Commissioner shall so certify the exemption, and shall determine the percentage of exemption allowable and issue nonnegotiable exemption certificates in the amount of the exemption determined to be applicable to the claimant’s real estate tax liability. This exemption certificate shall apply only to the tax year for which issued. The person to whom an exemption certificate has been issued shall, on or before the past due date established for the payment of the real estate tax, acknowledge that he or she is claiming credit under this exemption certificate to the Clerk/Treasurer, together with the payment of the difference between the exemption and the full amount of the tax payment then due on the property for which the exemption was issued. The Clerk/Treasurer shall check the claim against the list furnished him or her by the Commissioner, and if the Commissioner’s report shows the issuance of the certificate, credit shall be allowed. Any person not claiming credit on the taxes on or before the date specified for payment shall not thereafter be entitled to the credit.
(C) Where the person claiming exemption conforms to the standards and does not exceed the limitations contained in this division, the tax exemption shall be as shown on a schedule established by the county.
(D) Changes in respect to income, financial worth, ownership of property or other factors occurring during the taxable year for which the affidavit mentioned in § 34.018 is filed and having the effect of exceeding or violating the limitations and/or conditions provided in this section shall be promptly reported to the Commissioner of the Revenue by the applicant, and shall nullify any relief of real estate tax liability for the then-current taxable year and the taxable year immediately following.
(1997 Code, § 62-61)