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Updated over 9 years ago on . Most recent reply

User Stats

36
Posts
16
Votes
Andrew Ramler
  • Investor
  • Dallas, TX
16
Votes |
36
Posts

If I rent the property I currently have homesteaded will I loose

Andrew Ramler
  • Investor
  • Dallas, TX
Posted

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

User Stats

179
Posts
48
Votes
Alberto Camacho
  • Investor
  • Flower Mound, TX
48
Votes |
179
Posts
Alberto Camacho
  • Investor
  • Flower Mound, TX
Replied

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.

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