Sec. 11.1-19. Purpose of article; effective date.
It is hereby declared to be the purpose of this article to provide
real estate tax exemptions for qualified property owners who are
not less than sixty-five years of age and who are otherwise
eligible according to the terms of this article. Pursuant to the
authority of section 58-760.1 of the Code of Virginia, the city
council finds and declares that persons qualifying for exemption
hereunder are bearing an extraordinary real estate tax burden in
relation to their income and financial worth. This article shall be
effective, as of the date of this article,[132]
to provide for such
exemption for the taxable year 1973 and subsequent taxable
years. (2-20-73.)
