(a) Real property owned and occupied by a Gold Star spouse or parent(s), who are eligible pursuant to § 7120.3(b) of Chapter 7, Title 16 GCA, who continues to own and occupy the premises as a residence, is hereby exempted from all real property taxes; provided: (1) that the exemption shall not be allowed on more than one (1) residence for the Gold Star spouse or parent; (2) that a person living on the premises, a portion of which is used for commercial purposes, shall not be entitled to an exemption with respect to such portion, but shall be entitled to an exemption with respect to the portion used exclusively as a home; and further provided, that this exemption shall not apply to any structure, including the land thereunder, which is used for commercial purposes. (b) For the purposes of this Section, the word “residence” includes: (1) the entire homestead when it is occupied by a Gold Star spouse or parent as a residence; (2) residences where the Gold Star spouse or parent sublets not more than one (1) room to a tenant; or
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(3) premises held under an agreement to purchase the same for a home, where the agreement has been duly entered into and recorded prior to January 1 of the preceding tax year for which the exemption is claimed, whereby the purchaser agrees to pay all taxes while purchasing the premises. SOURCE: Added by P.L. 34-106:2 (June 5, 218). 2018 NOTE: Subsection/subitem designations added/altered pursuant to authority by 1 GCA § 1606.