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3. That Section 35-163 of the Code of the City of <br />Portsmouth, Virginia, 1988, be amended to read as follows: <br /> <br />Section 35-163. Amount of exemption. <br /> <br /> The person or persons qualifying for and claiming <br />exemption shall have exempted that percentage of the real <br />estate tax levied on the qualifying dwelling set forth in the <br />following schedule: <br /> <br />Total Income Tax Exemption <br />Ail Sources (Percent) <br /> <br />$ 0.00 - SI4,000.00 100 <br /> 14,001.00 14,500.00 90 <br /> 14,501.00 15,000.00 80 <br /> 15,001.00 15,500.00 70 <br /> 15,501.00 16,000.00 60 <br /> 16,001.00 16,500.00 50 <br /> 16,501.00 17,000.00 40 <br /> 17,001.00 17,500.00 30 <br /> 17,501.00 18,000.00 20 <br /> 18,001.00 19,000.00 10 <br /> <br />4. This crdinance shall take effect July 1, 1992. <br /> <br /> Adopted by the Council of the City of <br />Virginia, at a meeting held May 12, 1992. <br /> <br />Teste: <br /> <br />Portsmouth, <br /> <br />City,Clerk <br /> <br /> <br />