My property, a combination dwelling and commercial property, is replaced with a home. How much relief am I entitled to?
As stated in question 9, relief can only be applied to the portion of the property that is of similar function and utility as the property taken. Thus, only the dwelling (Category A) portion of the property taken will be considered in determining the comparability and the amount of property tax relief granted. The right to relief on the commercial (Category B) portion of the property is waived unless comparable replacement Category B property is timely acquired and a timely request is made.
Related Questions
- My property, a combination dwelling and commercial property, was replaced with a home; two years later I also acquired a comparable replacement Category B property. How much relief am I entitled to?
- My property, a combination dwelling and commercial property, is replaced with a home. How much relief am I entitled to?
- Is a Multi Dwelling Development the same as knocking down an existing property and then building just one home?
