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First time doing taxes as homeowner. homestead exemption

Posted on 2/12/16 at 4:45 pm
Posted by roguetiger15
Member since Jan 2013
16146 posts
Posted on 2/12/16 at 4:45 pm
what do I have to give my cpa in order to get that filed? just a statement of my mortgage?
Posted by Teddy Ruxpin
Member since Oct 2006
39553 posts
Posted on 2/12/16 at 4:46 pm to
Oh boy, you aren't getting that exemption for a good 6 months to a year now with how long filing takes.

Of course, I was dealing with Orleans, your experience may differ.
This post was edited on 2/12/16 at 4:47 pm
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 2/12/16 at 4:48 pm to
You file your homestead exemption with the clerk and/or assessor's office in your parish with your act of cash sale. No need to involve your CPA.
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6545 posts
Posted on 2/12/16 at 4:53 pm to
Assessor should have sent you a card to fill out and return. Just call Conrad Comeaux's office and request one. It's free.
Posted by Jabstep
Member since Jul 2014
2130 posts
Posted on 2/12/16 at 7:26 pm to
You don't need to provide them anything other than what you paid in interest, the HUD you were provided at closing and the amount of real estate taxes paid (you can find this on the assessors website).
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16448 posts
Posted on 2/12/16 at 7:31 pm to
Homestead exemption has to do with property taxes, not income taxes correct?

You should have already gotten your property tax bill from the sheriff.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 2/12/16 at 8:43 pm to
quote:

Homestead exemption has to do with property taxes, not income taxes correct?


Correct. The only link is the amount of property taxes paid is deductible on your federal income taxes. Assuming you itemize.
This post was edited on 2/12/16 at 8:45 pm
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16448 posts
Posted on 2/13/16 at 4:52 pm to
Thanks. That's what I thought. That's why the question kind of confused me.
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