[Adopted 2-9-2010 by L.L. No. 1-2010]
The basic maximum income eligibility level for persons 65 years of age or over shall be $29,000, and real property owned by one or more persons, each of whom is 65 years or older, shall be exempt from taxation by the Town of Webb to the extent of 50% of the assessed valuation thereof, if the income of the owner, or the combined income of the owners, of the property for the tax year immediately preceding the date of the application does not exceed the sum of $29,000.
The maximum income eligibility level for taxation by the Town of Webb shall be increased for qualified owners in accordance with the following schedule: