8.12.060 Limitations on deteriorated property tax exemptions and deferrals.
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Any tax exemption or deferral for deteriorated property shall not take effect until January 1st of the year after:
A. The exemption or deferral has been approved by the Assembly; and
B. The planned improvements on the property have been substantially completed or the property is beneficially occupied. (Ord. 2005-26 § 3, 2005. 2004 Code § 3.11.060.)