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20020122 2002-5ORDINANCE NO. 2002- AN ORDINANCE AMENDING SECTIONS 90-74(3) AND 90-76, DIVISION 3, ARTICLE II, CHAPTER 90 OF THE CODE OF THE CITY OF FAIRFAX, VIRGINIA, PERTAINING TO REAL PROPERTY TAX EXEMPTIONS FOR ELDERLY OR DISABLED. BE IT ORDAINED, by the City Council of the City of Fairfax, that Section 90-74(3), Division 3, Article II, Chapter 90 of the Code of the City of Fairfax, Virginia, is hereby amended to read in its entirety as follows: Sec. 90-74. Criteria for exemption. (3) The gross combined income of the owner during the year immediately preceding the taxable year must be determined by the city manager to be an amount not in excess of $52,000. BE IT FURTHER ORDAINED, by the City Council of the City of Fairfax, that Section 90-76, Division 3, Article II, Chapter 90 of the Code of the City of Fairfax, Virginia, is hereby amended to read in its entirety as follows: Sec. 90-76. Calculation of amount of exemption; limitation. For eligible owners with a gross combined income not in excess of $52,000, the amount of exemption from real estate tax for any taxable year shall be as set forth below: ~come $0 - 40,000 $40,001 - 46,000 $46,001 - 52,000 100% Exemption 50% Exemption 25% Exemption This ordinance shall become effective as provided by law. INTRODUCED: January 8, 2002 PUBLIC HEARING: January 22, 2002 ENACTED: January 22, 2002 The vote on the motion to approve was recorded as follows: VOTE: Councilman Coughlan Aye Councilman Greenfield Aye Councilman Lederer Ave Councilman Rasmussen Aye Councilman Rodio Aye Councilman Silverthome Aye Date (~~}EST: .z', ~ Ci0y Cl~k