Earlier this year the Governor signed legislation that will allow homeowners to have two residences that are taxed at the homestead rate under certain conditions. The additional exemption can be claimed for up to three years if the primary residence that the seller has moved from is:

1) Not occupied

2) For Sale

3) Not leased or available for lease

4) Not used for business or commercial purposes

If you would like a copy of Public Act 96 of 2008 or the conditional recision form, give us a call. We would be glad to help.