What counts as a home for the home exemption

For the purpose of section 19-71 the word “home” includes: (1) The entire homestead when it is occupied by the taxpayer as such; (2) A residential building on land held by the lessee or the lessee’s successor in interest under a lease for a term of ten years or more for residential purposes and owned and used as a residence by the lessee or the lessee’s successor in interest, where the lease and any extension, renewal, assignment, or agreement to assign the lease, have been duly entered into and recorded by the respective date set forth in subsection 19-68(a)(3), and whereby the lessee agrees to pay all taxes during the term of the lease; (3) An apartment which is a living unit (held under a proprietary lease by the tenant thereof) in a multi-unit residential building on land held by a cooperative apartment corporation (of which the proprietary lessee of such living unit is a stockholder) under a lease for a term of ten years or more for residential purposes and which apartment is used as a residence by the lessee- stockholder, where the lease and any extension or renewal have been duly entered into and recorded by the respective date set forth in subsection 19-68(a)(3), and whereby the lessee-stockholder agrees to pay all taxes during the term of the lease; (4) An apartment in a multi-unit apartment building which is occupied by the owner of the entire apartment building as the owner’s residence; 19-53 SUPP. 18 (7-2025) (5)That portion of a residential duplex and that portion of land appurtenant to the duplex which are occupied by the owner of the duplex and land as the owner’s residence; (6) An apartment which is a living unit (held under a lease by the tenant thereof) in a multi-unit residential building used for retirement purposes under a lease for a term to last during the lifetime of the lessee and the lessee’s surviving spouse and which apartment is used as a residence by the lessee and the lessee’s surviving spouse, and where the apartment unit reverts back to the lessor upon the death of the lessee and the lessee’s surviving spouse, and where the lease has been duly entered into and recorded by the respective date set forth in subsection 19-68(a)(3), and whereby the lessee agrees to pay all taxes during the term of the lease. As used in section 19-71, in the first paragraph of section 19-48 and in section 19-68, the word “lease” shall be deemed to include a sublease, and the word “lessee” shall be deemed to include a sublessee.