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Can I REMOVE my homestead?
I have an interesting property tax situation because of my house hacking situation. I bought a duplex in Texas in 2020. I live in side A so I filed for homestead. The county put a homestead on half of my property, but this also re-categorized my property to State Code: A1 instead of B2 for 2021. Category A is a single family residence while Category B is multifamily. They are appraising my duplex as two separate single family dwellings.
The reason this is a concern is because now I cannot use my neighbors as comparable properties as they are listed as B2 properties. These properties which are almost identical to my property are valued at $100k or more less than my property. The only difference is that the owner is not living in one side of those properties like me. A homestead usually helps with lowering taxable value, but it's kind of screwing me over in this situation. Is it possible it remove a homestead exemption and is it a good idea in the long run?