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Updated about 6 years ago on . Most recent reply
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Property taxes on primary residence
I have read that if I have lived in my house for two of the last five years I owned it then I won't have to pay taxes. Well I have lived in my house for two years but I've also only owned it for two years not five. Does that still qualify.
I had another house which I sold last year and didn't have to pay taxes on that. So the two properties overlapped from a period of one year. (It took almost a year before I sold the first one and fully moved into the second one). So what happens in terms of taxes if I sell this new one now after two years of ownership.