Every person who is a citizen and resident of the State of New Jersey
for a period of three years immediately preceding October 1 of the pretax
year, of the age of 65 or more years, having an income not in excess of $5,000
per annum and residing in a dwelling house owned by him which is a constituent
part of his real property, shall be entitled, on proper claim being made and
allowed therefor, to exemption from taxation on such real property to an assessed
valuation not exceeding $800 in the aggregate, but no such exemption shall
be in addition to any other exemption to which said person may be entitled.
The financial position of the Borough of Middlesex for the year 1961
will not be impaired by the exemption so claimed.
The exemptions claimed and to be allowed for the year 1961 shall operate
to reduce the taxable valuations of real property for the year 1961 in the
Borough of Middlesex.
All applications for exemption under this article for the tax year 1961
may be filed on or before July 1, 1961, and all applications for exemption
in subsequent tax years may be filed on or before November 1 of the pretax
year. Such applications shall be on forms prescribed by the Director, Division
of Taxation in the Department of the Treasury of the State of New Jersey.