99.896. Abatement or deferral of real property taxes, requirements.

Abatement or deferral of real property taxes, requirements.

99.896. An urban homesteading agency may recommend to thegoverning body the abatement, in whole or in part, of realproperty taxes due on urban homestead program property conveyedto an urban homesteader pursuant to sections 99.875 to 99.912, orthe deferral of such taxes for a period not to exceed five yearsas provided in article X, section 7 of the constitution. Suchgoverning body may, by resolution, authorize such abatement,except that the abatement shall only apply if the property isowned for the entire tax year by the homesteader to which thehomestead agency originally transferred the property.

(L. 1992 H.B. 1434 & 1490 § 7 subsec. 3)