A tax credit of thirty dollars shall be given to any person over the age of sixty-five years, who has been a bona fide resident of the City of Frederick for the preceding five years and whose total gross income is twelve hundred dollars or less per year from all sources, and who has legal or beneficial title to real property situated in the City of Frederick, and makes such property his or her permanent home. If said taxable real estate is owned as tenants by the entirety, only one such credit shall be allowed; and such credit shall be allowed only if the combined gross income of said tenants by the entirety does not exceed twelve hundred dollars for any one year. Such credit shall be allowed if either one or both of said tenants are sixty-five years of age or more; however, only one such credit shall be allowed on any real estate taxable hereunder.
Every person claiming the credit authorized herein shall first make application to the board of aldermen of the City of Frederick, or their designated agent, in writing, setting forth thereon his, her or their name, age, place of residence, total gross income from all sources for the next preceding calendar year, total consecutive years of residence in the city immediately preceding the date of application and the source of ownership of the residential property for which the exemption is claimed as herein provided. The application shall be accompanied by an affidavit of the applicant, certifying to the truth of the contents of the application, and the application shall be submitted to the board of aldermen, or their designated agent, at least twenty-one calendar days before the date of finality for real property taxes in the city of the year for which the exemption, if granted hereunder, would apply. The board of aldermen, or their designated agent, shall consider each of the applications and shall approve or disapprove the same prior to the date of finality. (Res. 1-9-64)