42-12053
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42-12053. Criteria for distinguishing residential property from rental property For the purpose of classifying residential property under sections 42-12003, 42-12004 and 42-12052, a parcel is not considered rental property and shall be classified as class three property, if either: 1. The property was not rented by the owner for more than three months in the preceding twelve consecutive months and the owner does not intend to rent it for more than three months during the next twelve consecutive months. 2. The owner rents the property to a member of the owner's family, who must be: (a) The owner's natural or adopted child or a descendant of the owner's child. (b) The owner's parent or an ancestor of the owner's parent. (c) The owner's stepchild or stepparent. (d) The owner's child-in-law or parent-in-law. (e) The owner's natural or adopted sibling. |