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. For purposes of this rebate, a principal place of residence does not include rented land or structures. The surrounding land may not be more than five acres.

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. Only this smaller amount may be used to calculate the tax rebate.