Sec. 16-73. - Restricted to owner-occupied residential dwelling.

The exemption shall be allowed only for owner-occupied residential dwellings; and any property occupied or used for stores, apartments, rental tenements, professional or business use, or other commercial or income-producing purposes shall not be eligible for exemption; provided, that in any case where alterations and improvements benefit partly residential and partly business portions of the property, the increase in assessed valuation resulting from such alterations and improvements shall be apportioned by the tax assessor, and the exemption shall be allowed only for the portion of the structure which in the opinion of the tax assessor is used and occupied as the residence of the owner.

(Ch. 34, § I, 10-20-98)