What is the definition of "principal place of residence?"

For the purposes of the low income property tax rebate for Los Alamos and Santa Fe County residents only, principal place of residence is the dwelling and related structures you own and occupy, and only the amount of land surrounding it reasonably necessary to use the dwelling as a home. The surrounding land may not be more than five acres. For purposes of this rebate, a principal place of residence does not include rented land or structures.

If you have more acreage than is reasonably necessary to maintain a dwelling, adjust the amount of property tax billed to reflect the principal place of residence only. You are required to use this smaller amount to calculate the tax rebate.

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