ARTICLE II. REAL ESTATE TAX EXEMPTION FOR ELDERLY PERSONS
Sec. 8-3. Eligibility for exemption.
(a) Any person sixty-five (65) years of age or older on December
thirty-first of the year immediately preceding the taxable year, who
owns, or partially owns, a dwelling as the sole dwelling of that person,
or who is sixty-five (65) years or older and resides in a hospital,
nursing home, convalescent home or other facility for physical or mental
care for extended periods of time, provided such residence is not used
or leased to others for consideration or who is determined to be
permanently and totally disabled as defined herein, shall be eligible
for, and may apply for, an exemption of real estate taxes on such
dwelling and land, in an amount not to exceed one
(b) Notwithstanding subsection (a) of this section, if the person has already qualified for an exemption or deferral under this article, and if the person can prove by clear and convincing evidence that after so qualifying the person’s physical or mental health has deteriorated to the point that the only alternative to permanently residing in a hospital, nursing home, convalescent home or other facility for physical or mental care is to have a relative move in and provide care for the person, and if relative does move in for that purpose, then none of the relative’s income shall be counted towards the income limit.
c) the net combined financial worth, as herein above defined, as of
December thirty-first of the immediately preceding year, cannot exceed