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Updated almost 3 years ago on . Most recent reply

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Suneel P.
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28
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How many houses can be under homestead

Suneel P.
Posted

I bought a house and filed Homestead. Later I moved to a different house and filed homestead for it. In the application I mentioned that my old house was still under homestead. But I still see that both of my houses are under homestead. When is the homestead exemption taken away from the house?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Suneel P. It is up to you to remove the homestead from the previous property. Here, they will eventually find out, and the penalties are over 50%/year of the non homestead rate, plus the back years of the difference.

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