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(a) The tax exemption set forth in Section 868.03 shall be limited to a tax exemption on the actual increase in assessed valuation attributable to the actual cost of the construction up to the maximum cost as hereinafter set forth.
(b) The tax exemption set forth in Section 868.03 shall be further limited to the assessed valuation attributable to the cost of construction of the new dwelling unit up to a maximum cost of seventy-five thousand dollars ($75,000).
(Ord. 2-80. Passed 2-27-80.)