The exemption amount is multiplied by the percentage of disability and applied to the percentage of ownership. Example: Exemption amount for 2023 is $4,375 multiplied by 60% of disability which equals $2,265. This new exemption amount would be applied to the Assessed limited property value (LPV) by the percentage of ownership.
The Percentage of ownership is how many individuals are on title/deed. Example: If there are two names on title/deed, than the full $2,265 would be applied to 50% of the LPV.