ST Alpha - "you mean like a homeowners exemption?" (Reading a Post)

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In response to "can someone explain how the whole homestead act thing works for first time home buyers? supposedly i apply and it lowers my payments/taxes? -- nm" by colin

you mean like a homeowners exemption?

Posted by groiny (aka groiny) Aug 26 '14, 13:08

you get a break in your tax amount if you live on the property, and it is not a rental income property. If that is the same thing you are talking about. It is something that you should file directly with the county.

Responses:

ugh. stupid rental property. yes, that's what i was talking about. - colin Aug 26, 13:11 10
- I don't think rental properties are eligible? -- (link) - ty97 Aug 26, 13:12 9
  - But he is residing there, as well. -- nm - Spawn Aug 26, 13:20 8
    - it'll be weird. there are two addresses, one property. we'll be living on the property.. - colin Aug 26, 13:23 7
      - At one point here I owned and lived in a duplex and *think* I got the deduction. - Spawn Aug 26, 13:26
      - Can't you just do something like - have just one mailbox, not on either house, free standing, and label it both addresses? - Andie Aug 26, 13:25
      - oh man, that's gonna get confusing. I'd contact the Harris county tax/appraiser's office for guidance. -- nm - ty97 Aug 26, 13:25 4
        
        you have to check the bill and see how the property is currently assessed. - groiny Aug 26, 13:28 3
        
        He can call and ask the questions generically without giving his address. -- nm - ty97 Aug 26, 13:29 2
        
        "we are considering buying a property - how would this work?" -- nm - Andie Aug 26, 13:29
        
        true dat. nm -- nm - groiny Aug 26, 13:29

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you mean like a homeowners exemption?

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