§ 44-3-13.2 - Cumberland – Exemption of persons over the age of 65 years.
SECTION 44-3-13.2
§ 44-3-13.2 Cumberland – Exemption ofpersons over the age of 65 years. – The town council of the town of Cumberland may, by ordinance, exempt fromtaxation the real property situated in the town owned and occupied by anyperson sixty-five (65) years and over, and which exemption is in an amount notexceeding forty-seven thousand five hundred forty-four dollars ($47,544). Anyelderly person is entitled to an additional exemption of ten thousand fivehundred sixty-seven dollars ($10,567) if yearly total income from all sourcesis as follows:
(1) $0.00 – $10,500 for a single owner occupying asingle-family dwelling.
(2) $0.00 – $15,000 for two (2) or more owners occupyinga single-family dwelling.