7.81.040 Exemptions.
A. The following parcels and improvements shall be exempt from the tax imposed by this Chapter:
1. Parcels and improvements owned by federal or state governmental agencies;
2. Parcels and improvements owned by local governmental agencies; and
3. Parcels and improvements exempt from taxation by the City pursuant to the laws or constitutions of the United States and the State of California.
B. The tax imposed by this Chapter shall not apply to any property owned by any person whose total personal income, from all sources, for the previous calendar year, does not exceed that level which shall constitute "very low-income," as may be established by resolution of the City Council. Any taxpayer claiming the exemption under this section shall be required to demonstrate his or her entitlement thereto annually by submitting an application and supporting documentation to the City Manager or his or her designee in the manner and at the time established in regulations and/or guidelines hereafter promulgated by the City Manager subject to review by the City Council in its discretion. Such applications shall be on forms provided by the City Manager, or his or her designee, and shall provide and/or be accompanied by such information as the City Manager shall require, including but not limited to, federal income tax returns and W-2 forms.
C. Any person or entity claiming an exemption from the tax imposed by this Chapter shall file a verified statement of exemption on a form prescribed by the City Manager prior to June 30th of the first fiscal year for which the exemption is sought. (Ord. 7067-NS § 1, 2008)