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Updated over 10 years ago,

Al Turner's profile image
Al Turner's profile image
Al Turner
  • from Chicago, Illinois
  • Member since Jan 4, 2013
Connect

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36
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4
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Al Turner's profile image
Al Turner's profile image
Al Turner
  • from Chicago, Illinois
  • Member since Jan 4, 2013
Connect
Al Turner
  • Chicago, IL
4
Votes |
36
Posts
Creative Real Estate Financing

Subject-to and Homeowner Exemption Carryover

Al Turner
  • Chicago, IL
Posted

I am interested in a property near Chicago where the areas average property taxes are 5-7k, but, the current owners taxes are 1200$ bc of homeowner, senior exemption.

If you gain control of a property through subject-to, do you also retain the homeowner exemption on the property?

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