All exemptions granted pursuant to this subchapter shall terminate upon:
(A) The conveyance of the subject property; provided, however, that the person exempted shall be entitled to transfer a prorated portion of the exemption to another residence they own within the town, or which they acquire during the same tax year, provided they establish such residence as their legal domicile;
(B) The death of the person exempted; provided, however, that if the person exempted holds an ownership interest in the subject property as of the date of assessment for the year for which the exemption is claimed and subsequently deceases, the exemption shall continue through the end of said tax year, unless the subject property is sold; or
(C) The moving of such person from the town.
(Ord. 2018-14, passed 8-20-18)