Ordinance 2007-1521 - Laserfiche WebLink

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~ .~ ..~ _ . ORDINANCE NO. 1521 SERIES 2007 AN ORDINANCE AMENDING SECTION 3.12.060 OF THE LOUISVILLE MUNICIPAL CODE, CONCERNING TAX RELIEF FOR THE ELDERLY, TO ESTABLISH CERTAIN ADDITIONAL ELIGIBILTY RESTRICTIONS WHEREAS, the City 11as established a program to provide tax relief for the elderly, which program consist of ,a rebate to qualifying persons of a designated portion of the ad valorem property taxes levied by the City and actually paid on the dwelling owned or rented by such person; and WHEREAS, the State of Colorado has enacted a property tax exemption for qualifying senior, as provided tin Section 3.5 of article X of the Colorado Constitution, Colorado Revised Statutes § 39-3-201 et sec.., and related regulations, all as in effect from time to time; and WHEREAS, in view oi' the City's budgetary constraints, the City Council finds that it is appropriate to additionally limit eligibility for the City relief program to those persons who are not eligible for the state property tax exemption; NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Subsection B of Section 3.12.060 of the Louisville Municipal Code is hereby amended to react (words added are underlined; words deleted are sere ~) Sec. 3.12.060 Computation of amounts payable. B. Effective for tax year 2003 and thereafter, no taxes assessed pursuant to a city debt ser<~ice mill levy shall be eligible for any rebate, allowance or benefit under this chapter. Additionally, effective for tax year 2007 and thereafter, nc~ property tax rebate, allowance or benefit shall be paid pursuant to this chapter if the applicant is eligible for the state of Colorado property tax exemption for qualif~~ seniors. The city maX require the applicant affirm in writing that he or she is not eligible for the state property tax exemption for qualifyin seniors as provided for under section 3.5 of article X of the Colorado Constitution and related statutes and regulations.. This limitation shall be applied on a year b~year basis, and shall apply irrespective of whether the applicant has applied for or obtained the state exemption.