The four conditions which will disqualify an otherwise eligible homeowner from receiving the Homestead Tax Credit are determined as of the previous taxable rather than the calendar year. The disqualifying conditions are transfer for consideration, value change due to a zoning reclassification requested by the owner(s), the use of the dwelling has changed substantially or the assessment was clearly erroneous due to a calculation or measurement error. For example, the transfer of a house for consideration will disqualify the new owner from receiving the Homestead Credit for the next taxable year.

Attached are two optional sample letters used to notify eligibility or ineligibility of the Homestead Property Tax Credit as a result of a change in status since the subsequent notice mailing.

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