Pub. L. 93-407, tit. IV, pt. 2, subpt. c, sec. 430

Sec. 430. (a) In order that the shift to equalized assessment at the same percentage of estimated market value for all properties not result in increases in proportionate tax burden for households of low or moderate income who own or rent property identified on the assessment roll as row dwellings, detached dwellings, or semi-detached dwellings, the Council by regulation is authorized to provide that the amount of up to $3,000 of market value may be deducted from the estimated market value of some or all of such property. (b) Subsection (a) shall take effect on and after July 1, 1974.