A. For purposes of this section, apartment house complex means two or more individual buildings containing dwelling units located upon the same property, or on contiguous property under the same ownership.
B. Every person owning apartment houses, or apartment house complexes, shall pay a business license tax of one hundred dollars per year for up to the first four dwelling units, and seven dollars per year for each additional dwelling unit; provided, however, that the dwelling units used in computing the obligation to pay the business license tax shall be dwelling units rented or leased, and the dwelling units held for rent or lease shall not include a dwelling unit occupied by the owner. This amount shall increase annually from 1992 based on the indexing formula in Section 5.04.460 of this code.
(Ord. 1886, (part), 2001; Ord. 1612, § 1 (part), 1992)