What is the qualification date?
The real estate must be owned and occupied as the taxpayers principal residence as of January 1 of the year preceding the fiscal year. For example, for the Fiscal Year 1995, July 1,1994 through June 30, 1995, the taxpayer must have owned and occupied the real estate as of January 1, 1994.

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1. How is the residential exemption adopted?
2. Who may qualify?
3. What is the qualification date?
4. How does a taxpayer apply for the Residential Exemption?
5. How is the residential exemption determined?