§ 36-77. Exemption eligibility date.

January 1 of each tax year shall be the determinative date for eligibility for the exemption provided for by this division, and qualification therefor shall be determined each year as of that date. Determination of eligibility for such exemption shall be for only the year in question with each subsequent year requiring application and determination of eligibility as provided in this division. There shall be no proration of the exemption provided for in this division for any taxable year either in the event of qualification or disqualification of either any applicable person or property for such exemption after January 1 of the applicable year.

(Code 1992, § 18-70; Ord. No. 371, § 6, 7-8-1980)