§ 85-640. Limitation or remission of taxes.

A property owner whose property is affected by the establishment of an historic district, historic district transitional area or historic landmark including or bordering upon his property may make application to the Town Assessor for a limitation or remission of the taxes assessed on said property. Said limitation or remission shall be solely for the purpose of and in an amount calculated to compensate said property owner for added costs, if any, of maintaining his property in accordance with the requirements of the historic district or historic landmark. Said application must be accompanied by a written, signed and notarized statement by the property owner that it is his intention to maintain said property as required or recommended pursuant to the terms of §§ 85-633 through 85-641.