If the qualifying property is sold, ceases to be the sole residence of the qualifying owner(s), or if the last qualifying owner dies during the taxable year, the exemption granted hereunder shall be adjusted by prorating it for that portion of the taxable year prior to the date on which the property was sold or ceased to be the qualifying owner's sole residence, or the date of death of the last qualifying owner. Such prorated adjustment shall be based upon the number of complete months of the year that such property was properly eligible for the relief granted by this chapter.
(Ord. 01-09. Passed 9-17-01; Ord. 4-16. Passed 12-14-04; Ord. 07-15. Passed 12-18-07; Ord. 11-19. Passed 12-12-11; Ord. 15-06. Passed 11-4-15; Ord. 17-13. Passed 12-13-17; Ord. 21-06. Passed 7-14-21.)