Sec. 16-77. - Termination upon conveyance of property, etc.; exception.

Any exemption hereunder shall terminate upon the conveyance of the subject property, except for a conveyance or transfer to a member of the immediate family of the owner without consideration. In addition, any exemption shall terminate when this property subject to exemption is no longer owner-occupied for residential purposes or if the original conditions and qualifications for the granting of the exemption no longer exist.

(Ch. 34, § I, 10-20-98)