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VA Home Loan Tax Exemption on Multi Unit
Hello everyone!
I'm looking to use my VA Loan for the first time to purchase my first property. I currently live in Silicon Valley but house prices aren't feasible for me here. I'm looking into moving to Houston Texas so I can purchase a Fourplex or triplex and house hack by living in one of the units. I have the full property tax exemption in Texas for my VA disability, but I'm trying to get clarity on the property tax exemption. Does the exemption apply to multi-unit properties since I will be living in one of the units?
Are any veterans already doing this that might suggest elsewhere ?
Thank you all in advanced!
Most Popular Reply
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Quote from @Account Closed:
Quote from @Christian Hunter:
Hello everyone!
I'm looking to use my VA Loan for the first time to purchase my first property. I currently live in Silicon Valley but house prices aren't feasible for me here. I'm looking into moving to Houston Texas so I can purchase a Fourplex or triplex and house hack by living in one of the units. I have the full property tax exemption in Texas for my VA disability, but I'm trying to get clarity on the property tax exemption. Does the exemption apply to multi-unit properties since I will be living in one of the units?
Are any veterans already doing this that might suggest elsewhere ?
Thank you all in advanced!
Hey Christian,
You would typically prorate the property taxes based on the portion of the property that is exempt. In Texas, the property tax exemption for veterans with a disability generally applies to the portion of the property you live in, so since you’ll be living in one of the units of a multi-unit property, the exemption should apply to that unit.
Hi Zachary, I was hoping that wasn't the case, but that makes sense. I really appreciate the help!