[Ord. No. 02-36, § 1, 12-4-2002]
The Town Council finds that certain senior citizens of the Town
are in need of relief from ever increasing real estate property taxes.
Consequently, the Town Council adopts the senior citizen tax deferment
program to ease the financial strain placed upon certain senior citizens.
[Ord. No. 02-36, § 1, 12-4-2002; Ord. No. 07-12, § 1, 4-16-2008; Ord. No. 11-12, § 1, 9-21-2011]
The following words, terms and phrases, when used in this article,
shall have the meanings ascribed to in this section.
That income reported to the Internal Revenue Service as adjusted
gross income (AGI) for income tax purposes.
A developed parcel of real estate consisting of a single-family
residential dwelling used as a primary residence.
A Cumberland resident who is 65 years of age or older.
[Ord. No. 02-36, § 1, 12-4-2002; Ord. No. 07-12, § 1, 4-16-2008; Ord. No. 11-12, § 1, 9-21-2011]
A person is eligible for the Senior Citizen Tax Deferment Program
if that person is:
[Ord. No. 02-36, § 1, 12-4-2002]
(a)
A senior citizen must file annually a form to be provided by the
tax assessor on or before April 15. Along with that form the senior
citizen shall provide proof of identity by presenting a driver's license
or birth certificate with one other form of identity.
(b)
In addition, the senior citizen shall also present a copy of his/her
federal tax return on or before April 15 annually.
(c)
A copy of a deed to the property shall also be presented establishing
that the property is held in fee simple by the senior citizen or in
his/her revocable living trust. A primary residence not held in fee
simple or in a revocable living trust shall not be eligible for a
deferment.
[Ord. No. 02-36, § 1, 12-4-2002; Ord. No. 11-12, § 1, 9-21-2011]
(a)
A qualified senior citizen shall be granted on an annual basis the
deferment of any tax increase for the year not to exceed 3.5% per
annum.
(b)
The collection of those taxes so deferred shall be deferred until
the sale of the primary residence by the qualified senior or upon
his/her death. Simple interest at the rate of 2% per year on the taxes
deferred will be payable upon such sale or death.
(c)
A lien or similar certificate shall be filed in the land evidence
records indicating that the primary residence of the qualified senior
is in the deferred tax programs. The office of the tax collector shall
maintain an annual list of qualified seniors/properties and the amounts
due thereon.
