If you went to settlement on a new home after Oct. 1, 2004, you can apply for the city’s new-construction tax credit through Aug. 28, when the amnesty period ends. Homeowners in properties that were substantially rehabbed after being vacant may also be eligible.

You can find more details from the city Department of Finance, including the application form, in this PDF document. (You can also read my original post on the topic here.)

Why should you care, you ask? Because the credit reduces a homeowner’s property tax bill by half and then phases in the full amount over a five-year period. Yeah. That's why.

The City Council also changed the process going forward so new-home buyers have two windows to apply: within 90 days of settling and within 90 days of getting the first tax assessment notice.