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Updated over 9 years ago on . Most recent reply
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If I rent the property I currently have homesteaded will I loose
If I currently own and live in a single family property that I have homesteaded and decide rent it and move into an apartment can I keep my SF house Homesteaded?
I am asking for a family member who lives in Dallas, Texas.
Thank you for your help!
Most Popular Reply
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From the comptroller site at texas.gov
Do all homes qualify for homestead exemptions?
No, only a homeowner's principal residence qualifies. To qualify, a home must meet the definition of a residence homestead: The home's owner must be an individual (for example: not a corporation or other business entity) and use the home as his or her principal residence on January 1 of the tax year. If you are age 65 or older, or disabled, the January 1 ownership and residency are not required for the age 65 or disabled homestead exemption.