§ 102-305. Application of assessment reduction.

The assessment reduction herein provided shall only apply under the following circumstances:

(1)

A completed application has been timely filed with the property appraiser.

(2)

All required supporting information has been filed with the property appraiser.

(3)

The construction or reconstruction was 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.

(4)

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.

(5)

The construction or reconstruction is consistent with local land development regulations, ordinances, and the Florida Building Code.

(6)

The property to which the assessment reduction applies must qualify for a homestead exemption at the time the construction or reconstruction is substantially complete and each year thereafter.

(7)

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

(Ord. No. 06-15, § 1, 6-20-06)