A. There is hereby exempted from real estate taxation, in the amounts and in accordance with the provisions and limitations hereinafter provided, that portion of the assessment attributable to the improvements made to deteriorated property within a deteriorating neighborhood, as defined in § 543-103. [Amended 12-27-1989 by Ord. No. 122-1989]
B. In all cases, the exemption from real estate taxes shall be limited to that portion of the additional assessment attributable to the actual cost of the improvement not in excess of the maximum cost per dwelling unit specified herein, and for which a separate assessment has been made by the Berks County Board of Assessment Appeals and for which an exemption has been separately requested. The maximum cost shall be $10,000 per dwelling unit for improvements constructed during 1971. Maximum cost for improvements constructed each year thereafter shall be the maximum cost for the preceding year multiplied by the ratio of the United States Bureau of the Census New One-Family Houses Price Index for the current year to such index for the preceding year. The date of the construction shall be the date of the issuance of the building permit. No tax exemption shall be granted under the provision of this Part for the improvement of any dwelling unit in excess of the maximum cost specified above. [Amended 12-27-1989 by Ord. No. 122-1989]
C. No property shall be entitled to a tax exemption as herein provided unless the necessary and proper permits prior to improving the property have been applied for and obtained in accordance with the requirements of § 205 of P.L. 206, No. 34, as reenacted and amended by Act 42 of August 5, 1977.4
D. No tax exemption shall be granted if the improvements as completed do not comply with all ordinances, rules, regulations, statutes and other applicable laws.
4. Editor's Note: See 72 P.S. § 4711-205.