A special municipal services tax not exceeding the maximum amounts set forth in this section is imposed on all improved real property within the boundaries of the town:
(A) A special municipal services tax is levied and imposed upon improved residential property at a rate of $195 in the first year and increasing $5 annually to a maximum of $250 per dwelling unit. As used herein the term DWELLING UNIT means any building or portion thereof used and/or designed as a separate dwelling accommodation, with cooking, living and sleeping facilities.
(B) A special municipal services tax is levied and imposed upon improved business property at a rate of $195 in the first year and increasing $5 annually to a maximum of $250 for each business occupancy. As used herein, the term BUSINESS OCCUPANCY means any portion of a building or structure or other improved real property which is occupied or designed to be occupied by a separate business establishment required to be licensed as such pursuant to Title 5 of this code.
(Ord. 786, passed 11-4-2014; Am. Ord. 839, passed 11-5-2019)