station is in this State. A copy of the member’s orders filed with the assessor is considered proof sufficient of the member’s permanent duty station. (B) An active duty member of the Armed Forces of the United States, who is a legal resident of this State, eligible for and receiving the special assessment ratio for owneroccupied residential property allowed pursuant to this item (c), retains that four percent assessment ratio for so long as the owner remains on active duty, regardless of the owner’s subsequent relocation or change of duty station and regardless of any rental income attributable to the property. The provisions of this subsubsubitem (B) do not apply if the owner or a member of the owner’s household, as defined in subitem (2)(iii) of this item (c), claims the special four percent assessment ratio allowed pursuant to this item for any other residential property located in this State. For purposes of this subsubsubitem (B), owner includes the spouse of the service member who jointly owns the qualifying property. (C) The special four percent assessment ratio allowed by this subsubitem (v) must be construed as a property tax exemption for an amount of the fair market value of the residence sufficient to equal a four percent assessment ratio and other exemptions allowed applicable to property qualifying for the special assessment ratio.” SECTION 2. This act takes effect upon approval by the Governor and applies for property tax years beginning after 2012. XX
station is in this State. A copy of the member’s orders filed with the assessor is considered proof sufficient of the member’s permanent duty station. (B) An active duty member of the Armed Forces of the United States, who is a legal resident of this State, eligible for and receiving the special assessment ratio for owneroccupied residential property allowed pursuant to this item (c), retains that four percent assessment ratio for so long as the owner remains on active duty, regardless of the owner’s subsequent relocation or change of duty station and regardless of any rental income attributable to the property. The provisions of this subsubsubitem (B) do not apply if the owner or a member of the owner’s household, as defined in subitem (2)(iii) of this item (c), claims the special four percent assessment ratio allowed pursuant to this item for any other residential property located in this State. For purposes of this subsubsubitem (B), owner includes the spouse of the service member who jointly owns the qualifying property. (C) The special four percent assessment ratio allowed by this subsubitem (v) must be construed as a property tax exemption for an amount of the fair market value of the residence sufficient to equal a four percent assessment ratio and other exemptions allowed applicable to property qualifying for the special assessment ratio.” SECTION 2. This act takes effect upon approval by the Governor and applies for property tax years beginning after 2012. XX
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