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(F) And the heirs, surviving spouse, divorced spouse, or
<br />trustee, within sixty days after receiving title to the
<br />property, petitions the director, in writing, to
<br />continue the dedication and the property continues
<br />to qualify for the home exemption as defined in
<br />sections 19-71 and 19-72, or
<br />(G) The dedication shall not be cancelled if the lessee
<br />purchases the leased fee interest from the lessor.
<br />(2) Provided further that, except as provided herein, retroactive
<br />taxes shall not be assessed when:
<br />(A) A person receives title to property dedicated to
<br />nonspeculative residential use by ways of testacy or
<br />intestacy and does not petition the director to
<br />continue the dedication as provided in section 19-
<br />(B) The dedicated property is jointly owned by spouses
<br />and upon the death of one spouse, ownership is
<br />transferred to the surviving spouse, and the
<br />surviving spouse does not petition the director to
<br />continue the dedication as provided in section 19-
<br />(C) The property is wholly or partially destroyed or
<br />damaged as a result of fire, seismic or tidal wave,
<br />volcanic eruption, earthquake, flood waters and
<br />wind or rain storm.
<br />The owner may cancel the dedication for the reasons
<br />enumerated in paragraph (2)(C) by submitting written notice of the
<br />cancellation within sixty days of the damage or destruction.
<br />Cancellations shall become effective July 1 of the next tax year,
<br />and the property shall be assessed in accordance with section 19-
<br />53(a).
<br />[{g~]~The director shall prescribe the form of the petition. [T-13e ~~
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