In addition to the requirement of domicile within the town at the time of making application, the applicant must have been a resident of said town for a period of five years ending with the date of assessment for the year for which exemption is claimed, provided, however, that such exemption shall not be allowed in favor of any person unless he or she shall have presented to the assessor a statement, under oath, of income derived from all sources for the calendar year ending with the date of assessment for the year for which exemption is claimed, together with due evidence that he or she is so entitled to such exemption. The proposed exemptions shall be extended to include senior citizens who own and reside in income-producing property.
('73 Code, § 24-2) (Ord. passed 7-7-82; Am. Ord. passed 10-15-90; Am. Ord. passed 8-25-94)