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Suneel P.
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28
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How many houses can be under homestead

Suneel P.
Posted May 18 2022, 11:00

I bought a house and filed Homestead. Later I moved to a different house and filed homestead for it. In the application I mentioned that my old house was still under homestead. But I still see that both of my houses are under homestead. When is the homestead exemption taken away from the house?

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Colleen F.
Pro Member
  • Investor
  • Narragansett, RI
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Colleen F.
Pro Member
  • Investor
  • Narragansett, RI
Replied May 19 2022, 05:58

@Suneel P.  Only one home can be homesteaded.  Not sure how you correct this but in most states and texas for sure you can only have one homestead property.

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Brandon Plombon
  • Banker
  • Minneapolis, MN
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Brandon Plombon
  • Banker
  • Minneapolis, MN
Replied May 19 2022, 06:09
Quote from @Colleen F.:

@Suneel P.  Only one home can be homesteaded.  Not sure how you correct this but in most states and texas for sure you can only have one homestead property.


 Yes you should only be able to have one property homesteaded. As far as going about correcting it - Give the county where the property is located a call and ask how to go about that, often times it will be the Auditor/Treasurer or similar departments that will be responsible for this and they are most of the times very helpful (after all the county is loosing out on taxes by having two homestead exemptions).

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied May 19 2022, 09:21

@Suneel P. It is up to you to remove the homestead from the previous property. Here, they will eventually find out, and the penalties are over 50%/year of the non homestead rate, plus the back years of the difference.

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Danny Webber
Agent
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  • Real Estate Broker / Investor
  • Austin, TX
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Danny Webber
Agent
Property Manager
  • Real Estate Broker / Investor
  • Austin, TX
Replied May 19 2022, 12:01

 just one my friend