Residential property tax relief — Definitions

For purposes of §§ 47-850 through 47-850.04, the term: (1) “Residence” means the principal place of residence within the District of an individual, shareholder, or member, who is domiciled in the District. (2) “Homestead” means: (A) In the case of real property improved by a house or a condominium, an individual’s residence that: (i) Comprises a dwelling unit; (ii) Is Class 1 Property, as defined in § 47-813, that contains not more than 5 dwelling units therein; and (iii)(I) Is owned in whole or in part by the individual; or (II) Is owned in whole by trustee under a special needs trust for the benefit of a beneficiary who is deemed to be the owner under § 47-802(5)(E). (B)(i) In the case of real property owned by a cooperative housing association that is Class 1 Property, as defined under § 47-813, a shareholder’s or member’s residence that: (I) Comprises a dwelling unit; and (II) By reason of his ownership of stock or membership certificate, a proprietary lease, or other evidence of membership, is occupied by right by the shareholder or member. (ii) For purposes of sub-subparagraph (i) of this subparagraph, a shareholder or member shall include the beneficiary of a special needs trust who is deemed to be the owner under § 47-802(5)(E).