Laserfiche WebLink
application made pursuant to this ordinance. (6)Taxes owed for the current tax year refers to the amount of real estate taxes levied on the dwelling for the taxable year. (7)Taxable year means the calendar year beginning January 1, 2017. (8)Household income means (i) the adjusted gross income, as shown on the federal income tax return as of December 31 of the calendar year immediately preceding the taxable year, or (ii) for applicants for whom no federal tax return is required to be filed, the income for the calendar year immediately preceding the taxable year: of the applicant, of the applicant’s spouse, and of any other person who is an owner of and resides in the applicant’s dwelling. The commissioner of revenue shall establish the household income of persons for whom no federal tax return is required through documentation satisfactory for audit purposes. Eligibility and restrictions, generally . A grant awarded pursuant to this ordinance shall be subject to the following restrictions and conditions: (1)The household income of the applicant shall not exceed $50,000. (2)The assessed value of the real estate owned by the applicant shall not exceed $365,000. (3)The applicant shall own an interest in the real estate that is the subject of the application (either personally or by virtue of the applicant’s status as a beneficiary or trustee of a trust of which the real estate is an asset) and the applicant shall not own an interest in any other real estate (either personally or by virtue of the applicant’s status as a beneficiary or trustee of a trust of which the real estate is an asset). (4)As of January 1 of the taxable year and on the date a grant application is submitted, the applicant must occupy the real estate for which the grant is sought as his or her sole residence and must intend to occupy the real estate throughout the remainder of the taxable year. An applicant who is residing in a hospital, nursing home, convalescent home or other facility for physical or mental care shall be deemed to meet this condition so long as the real estate is not being used by or leased to another for consideration. (5)An applicant for a grant provided under this ordinance shall not participate in the real estate tax exemption or deferral program provided under Chapter 30, Article IV of the City Code (Real Estate Tax Relief for the Elderly and Disabled Persons) for the taxable year, and no grant shall be applied to real estate taxes on property subject to such program. (6)An applicant for a grant provided under this division shall not be delinquent on any portion of the real estate taxes to which the grant is to be applied. (7)Only one grant shall be made per household. Procedure for application. (a)Between July 1 and September 1 of the taxable year, an applicant for a grant under this