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2015 Homestead Benefit Information for
Homeowners Who Sold or Plan to Sell Their Homes

If you sold your home, or plan to close on the sale on or before November 30, 2017
If you no longer own the home that was your principal residence on October 1, 2015, or you plan to close on or before November 30, 2017, you must answer “No” to the question asking whether you still own the property when filing the Homestead Benefit application or you risk losing your benefit.

If you sell your home after filing your application…
The Homestead Benefit will reduce the tax bill of the person who owns the property on the date the benefit is paid. This means that if you indicated you still own the home when filing your application, and later sell it, the only way to receive your 2015 Homestead Benefit is to take credit for the benefit at the closing of your property sale. If you plan to sell your home, discuss these instructions with your attorney or closing agent so they can negotiate on your behalf.

Last Updated: Wednesday, 09/13/17

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