A person whose home comprises property that is used in part for commercial purposes shall not be entitled to the rates provided by § 24402, except as to a building, or a separate portion thereof or apartment therein, that is exclusively used and occupied by him or her as his or her permanent residence; provided, further, that in the case of a separate portion or apartment, the amount of the exemption shall be prorated on the basis that the appraised value of the separate portion or apartment bears to the total appraised value of the building.

SOURCE: GC § 19330.5. Amended by P.L. 31-078:1(b) (Sept. 24, 2011).