Laserfiche WebLink
<br />TUESDAY <br /> <br />JULY 13, 1982 <br /> <br />burden in relation to their income and financial worth and are in need <br />of tax relief as authorized in the aforesaid Code section; now there- <br />fore, <br /> <br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in <br />regular session held on the 13th day of July, 1982, that the following <br />real estate tax exemption shall be granted said persons on the following <br />terms and conditions subject to the following restrictions: <br /> <br />1. The provisions of this ordinance shall be administered <br />by the Commissioner of Revenue of the City of Martins- <br />ville, Virginia, according to the terms, conditions, and <br />restrictions set forth herein, and said Commissioner is <br />hereby authorized and empowered to prescribe, adopt <br />and enforce rules and regulations, for the administration <br />of this ordinance. <br /> <br />2. Said real estate tax exemption will be granted to persons <br />qualifying therefor on the following basis: <br /> <br />(a) The total combined income during the immediately <br />preceding calendar year from all sources of the <br />owners of the dwelling living therein, and of the <br />owner's relatives living in the dwelling shall not <br />exceed $9,000.00, provided: <br /> <br />(1) that the first $4,000.00 of income of each <br />relative, other than the spouse of the <br />owner, or owners, who is living in the <br />dwelling shall not be included in such <br />total; and <br /> <br />(2) that the first $5,000 of any income received <br />as permanent disability compensation by an <br />owner shall not be included in such total. <br /> <br />(b) The net combined financial worth, including <br />equitable interests, as of the 31st day of <br />December of the immediately preceding calendar <br />year of the owners, and of the spouse of any <br />owner, excluding the value of the dwelling and <br />the land, not exceeding one acre, upon which <br />it is situated, shall not exceed $35,000.00. <br /> <br />(c) The person or persons claiming such exemption <br />shall file annually with the Commissioner of <br />Revenue, on forms to be supplied by the Com- <br />missioner of Revenue, an affidavit setting forth <br />the names of the related persons occupying such <br />real estate, stating that the total combined net <br />worth, including equitable interests, and the <br />