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Updated about 8 years ago on . Most recent reply

User Stats

113
Posts
10
Votes
Rigo Medina
  • Arlington, TX
10
Votes |
113
Posts

Homestead Exemptions on a Rental a no no

Rigo Medina
  • Arlington, TX
Posted

The home I owned turned into a rental for 4 years, but I did not cashflow. I could not sell it for the loan amount, so I rented it for 4 years. I never notified the appraisal district folks, that I was not using it as a primary residence. I have to tell them, since I now changed my mailing address with the appraisal district folks. I will be telling them.

Does anyone have any suggestions on asking for forgiveness? I think they will want me to pay back the difference.

I am in the Dallas County District. (Dallas, Texas)

Most Popular Reply

User Stats

113
Posts
10
Votes
Rigo Medina
  • Arlington, TX
10
Votes |
113
Posts
Rigo Medina
  • Arlington, TX
Replied

Thanks everyone. I went to visit them and was honest. I will get tax bill in the mail.

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