100% Disabled Vet Tax Exemption for Multi-Unit Property
So I’m 100% disabled and wanting to buy a fourplex in Houston. I believe what is happening is that they choose which property you are going to live in. An then use a ratio to determine how it would affect your taxes. Meaning you do not get 100% tax exemption on multi family properties. Anybody have any insight as to how this works?
Once you purchase the fourplex and move in, you'll complete the Residence Homestead Exemption Application (Form 11.13) and select the '100 Percent Disabled Veteran' option on the form. You'll then submit that form to the Harris County Appraisal District.
The form does require the homeowner to state whether any portion of the property is income-producing, and then indicate the percentage of the property that is income-producing.
The Harris County Tax Assessor has a really user-friendly 'Military Help Desk' page with additional information & resources about the exemption at: Harris County Tax Office (hctax.net)
Note: The info above is specific to Harris County, since you mentioned you wanted to purchase in Houston. If you end up purchasing in a different county in TX, check with that county's tax assessor office for specifics.