Sec. 780.504. - Application.

A reduction in assessment which is granted under this Part 5 applies only to construction or reconstruction that occurred after the effective date of this ordinance to an existing homestead and applies only during taxable years during which at least one such parent or grandparent maintains his or her primary place of residence in such living quarters within the homestead property of the owner. (Ord. 2003-599-E, § 2)