A. There is hereby exempted from real estate taxation, in the amounts and in accordance with the provisions and limitations hereinafter provided, the assessed valuation of any new residential construction built in a deteriorating area, as defined in § 543-103.
B. In all cases, the exemption from real estate taxes shall apply to the total assessed valuation attributable to the actual cost of the new residential construction, for which an assessment has been made by the Berks County Board of Assessment Appeals and for which an exemption has been requested. The date of the construction shall be the date of the issuance of the building permit.
C. No property shall be entitled to a tax exemption as herein provided unless the necessary and proper permits prior to building 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, 1977.6
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. [Amended 12-27-1989 by Ord. No. 122-1989]
6. Editor's Note: See 72 P.S. § 4711-205.