§ 13-212. Qualifications for reduction.

The assessment reduction applies under the following circumstances:

(1)

The construction or reconstruction is substantially complete in the year before January 1 of the year when the constructed or reconstructed living quarters are first occupied by the qualifying parent(s) or grandparent(s); and

(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; and

(3)

The assessment reduction shall be applied to the assessed value of the homestead property as calculated pursuant to Fla. Const. art. VII, § 4(c) and F.S. § 193.155; and

(4)

The construction or reconstruction is consistent with Osceola County land development regulations, including, where applicable, proper application for a building permit; and

(5)

The property to which the assessment reduction applies must be properly registered as an exempt homestead at the time the construction or reconstruction is substantially complete and each year thereafter.

(Ord. No. 04-43, § 1, 12-20-04)