The owner of property which is located in an economic revitalization area is entitled to a deduction from the assessed value of the following type of property for a period of years as set forth.
Property Type | Number of Years for Deduction |
Personal | 5 years |
Real | 10 years |
(1987 Code, § 4-82) (Res. 19, 1985, passed 12-16-1985)