§ 20-54. Qualifications for reduction.

The assessment reduction applies under the following circumstances:

(1)

The construction or reconstruction is substantially complete in the year prior to the January 1 in which the qualifying parent(s) or grandparent(s) first occupies the constructed or reconstructed living quarters.

(2)

At least one qualifying parent or grandparent maintains his or her primary place of residence in the constructed or reconstructed living quarters during the taxable year for which the reduction is claimed.

(3)

The assessment reduction shall be applied to the assessed value of the homestead property as calculated pursuant to Article VII, Section 4(e), Florida Constitution.

(Ord. No. 2005-38, § 4, 12-8-05)