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Updated over 6 years ago on . Most recent reply
question about homestead exemptions
My husband and I are planning to buy a new smaller home for ourselves and turn our current home into a rental property. The taxes on our current home are much higher than the home that we will be buying. When we move, do we have to change the homestead exemption to the new home? Or, can we keep it on our current home (i.e. our investment property) for the tax savings?