Any changes in respect to total combined income, net combined financial worth, ownership
of the dwelling exempted or other factors which occur during the taxable year for
which the affidavit is filed, and which has the effect of exceeding the limitations
and conditions of this Article, shall nullify any exemption for the remainder of the
current tax year. In the case any person or persons who become disqualified during
a calendar year because of a disqualifying increase in income or financial worth,
then any such person or persons may receive a prorated exemption for the portion of
the taxable year during which the taxpayer qualified for such exemption. The proceeds
of a sale which would result in any such prorated exemption by a fraction wherein
the number of complete months of the year such property was eligible for such exemption
is the numerator and the number twelve (12) is the denominator. (11-24-71; 1961 Code,
§ 25-103; 27-79-4; 24-80-4; 22-87-4; 31-89-4; 23-00-4.)
