(a) The abatement from real estate taxes shall be limited to the additional assessment valuation attributable specifically to the reassessed value of improvements and construction on deteriorated property as outlined in the application approved by the City for improvements and construction during 1975 and subsequent years.
(b) The abatement from real estate taxes shall be limited to that portion of the increased assessment attributed to the improvements and construction for which an abatement has been approved by the City and for which a separate assessment has been made by the York County Assessment Office.
(c) For years one through ten for which improvements and residential construction would otherwise be taxable, one hundred percent (100%) of the eligible assessment shall be exempted. After the tenth year, the abatement shall terminate.
(Ord. 18-2017. Passed 7-18-17.)