All exemptions shall terminate upon the conveyance of the subject
property, death of the person or persons exempted or the moving of
such person or persons from the Town of Glocester, or in the case
of a disability exemption when the physical or mental illness is terminated,
or when said exempted person(s) otherwise fail to qualify. However,
notwithstanding any other provision contained herein to the contrary,
any owner of real property who at one time was a resident of the Town
but has since transferred ownership of said property shall, after
reacquiring ownership of real property, be granted a tax exemption
upon proof, in addition to that required as set forth above, of the
following: for owner-occupants prior to August 18, 2017, ownership
and occupancy of said residential property, following nonownership
for a period not to exceed two years, provided said nonownership period
followed five years of continuous ownership and occupancy in order
to qualify for the tax exemption. For owner-occupants who purchase
their property as of August 18, 2017, proof of ownership and occupancy
of said residential property, following nonownership for a period
not to exceed two years, provided said nonownership period followed
10 years of continuous ownership and occupancy in order to qualify
for said tax exemptions. (If the nonownership period exceeds two years,
the exemption will terminate.) No exceptions shall be made regarding
the time frame set forth above.