A. Such property which is exempt from property taxes;

B. Rental units in hotels, motels, inns, tourist homes and roominghouses and boardinghouses which are rented primarily to transient guests for a period of less than fourteen days;

C. Units in nonprofit cooperatives owned and controlled by a majority of the residents;

D. Rental units in any hospital, extended medical care facility, asylum, or nonprofit home for the aged;

E. Residential property which is divided into a maximum of four units where one of such units is occupied by the owner as her or his principal residence. However, for the purpose of applying the exemption in this subsection the term owner shall not include a sublessor or an agent of an owner. (Ord. 5109-NS § 4, 1978)