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(2) <br /> <br />TUESDAY, JUNE 8, 1993 <br /> <br />That the first six thousand five hundred dollars <br />($6,500.00) of income of each relative, other than the <br />spouse of the owner, or owners, who is living in the <br />dwelling shall not be included in such total; and <br /> <br />That the first seven thousand five hundred dollars <br />($7,500.00) of income shall be excluded for an owner who <br />is permanently disabled. <br /> <br />However, notwithstanding this subsection (b)(1), if a person <br />has already qualified for an exemption or deferral, and if <br />the person can prove by clear and convincing evidence that <br />after so qualifying the person's physical or mental health <br />has deteriorated to the point that the only alternative to <br />permanently residing in a hospital, nursing home, <br />convalescent home or other facility for physical or mental <br />care is to have a relative move in and provide care for the <br />person, and if a relative does then move in for that purpose, <br />then none of the relative's income shall be counted towards <br />the income limit. <br /> <br />The net combined financial worth, including equitable <br />interests, as of the thirty-first day of December of the <br />immediately preceding calendar year, of the owners and of the <br />spouse of any owner, excluding the value of the dwelling and <br />the land, not exceeding one acre, upon which it is situated, <br />and excluding furnishings, shall not exceed sixty thousand <br />dollars ($60,000.00). Such findings shall include furniture, <br />household appliances and other items typically used in a <br />home. <br /> <br />(5) <br /> <br />In the event the person or persons claiming exemption qua- <br />lify therefor, the amount of said exemption shall be as shown <br />on the following schedule: <br /> <br /> Total Income <br />from all Sources <br /> <br /> Tax <br />Exemp- <br /> tion <br /> <br />$ 0.00 -$10,000.00 <br /> 10,001.00 - 11,000.00 <br /> 11,001.00 - 12,000.00 <br /> 12,001.00 - 13,000.00 <br /> 13,001.00 - 14,000.00 <br /> 14,001.00 - 15,000.00 <br /> 15,001.00 - 16,000.00 <br /> <br />80% <br />70% <br />60% <br />50% <br />40% <br />30% <br />20% <br /> <br />However, a change in property ownership to a spouse (a <br />qualifying persons to a non-qualifying person), when such <br />change resulted solely from the death of the qualifying <br />individual, or a sale of such property shall result in a <br />prorated exemption of such relief granted for the then-current <br />taxable year. The proceeds of the sale shall not be included <br />in the computation of new worth or income as provided in <br />subsections (b)(1) and (b)(2) herein. <br /> <br /> <br />