Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

5
Posts
2
Votes
Courtney Timms
  • Corpus Christi, TX
2
Votes |
5
Posts

Can I REMOVE my homestead?

Courtney Timms
  • Corpus Christi, TX
Posted

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?

Loading replies...