§ 5.12.125. Personal property tax—Exemptions—First $100,000.00.

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In addition to other exemptions required or allowed by law, the first $100,000 of assessed valuation of personal property, other than motor vehicles and watercraft, owned by each taxpayer shall be exempt from the borough tax levy on personal property within the borough. For taxpayers with more than one personal property tax account, the $100,000 exemption shall be distributed pro rata amongst all of the taxpayer's accounts based on the proportion of the assessed value in each account to the total assessed value of that taxpayer's personal property.

(Ord. No. 97-73, § 3, 1997)

                    
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