(A) Every person a citizen and resident of the town 65 years of age or older who does not have income from all sources in excess of $11,880 per year shall be granted a freeze of the tax rate and valuation on real property which is a constituent part of a single-family dwelling which such person owns and in which such person resides, on proper application being made therefor.
(B) In the event two or more persons reside in said dwelling, said freeze shall be granted if the total income of said persons does not exceed $16,020.
(C) These income levels shall be adjusted annually in accordance with the updated US Department of Health and Human Services (HHS) Poverty Guidelines.
(‘73 Code, § 24A-2) (Ord. passed 9-15-82; Am. Ord. 2016-6, passed 7-18-16; Am. Ord. 2016-14, passed 9-19-16)