An applicant shall not be eligible for a property tax deferral unless the applicant:

1. (a) Is either:

   1. (1) At least 65 years old; or
   2. (2) Eligible under Title II or Title XVI of the federal Social Security Act for benefits for the disabled;

2. (b) Has owned a homestead for at least:

   1. (1) Five consecutive years if the applicant is at least 65 years old; or
   2. (2) One year if the applicant is eligible under Title II or Title XVI of the federal Social Security Act for benefits for the disabled; and
3. (c) Resides at the applicant’s homestead.

Source. #12027, eff 10-28-16; renumbered by #12925 (formerly Rev 417.02)