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re: No homestead exemption for active military?
Posted on 6/28/22 at 2:28 pm to TorchtheFlyingTiger
Posted on 6/28/22 at 2:28 pm to TorchtheFlyingTiger
quote:
You expected to keep homestead exemption for an investment property/rental?
I'm not sure that's what he said? If he is renting it then I see why he would lose the exemption. If he is temporarily out of state on orders and the house is vacant but he's still owns it, I find it hard to believe there's not some sort of relief for him to keep his exemption.
2
Posted on 6/28/22 at 2:44 pm to Mingo Was His NameO
Yeah, Texas allows you to keep your homestead exemption for the home you purchased and intend to return to after your service is complete.
I’m sure other states do as well, I assumed (wrongly) that Louisiana did as well. I assumed the state would want to incentive veteran/mil folks to stay and return to the state. Guess I was wrong.
I’m sure other states do as well, I assumed (wrongly) that Louisiana did as well. I assumed the state would want to incentive veteran/mil folks to stay and return to the state. Guess I was wrong.
Posted on 6/28/22 at 2:47 pm to Mingo Was His NameO
He said:
I interpreted that to mean that the name of the person currently occupying the home does not match his name, registered as the owner of the home. If that's what he meant, then yes that makes as he is currently using the property for income, not as his homestead residence.
quote:
I’m renting while I’m gone, they review addresses to ensure the person currently occupying the home matches the name with the parish tax assessor
I interpreted that to mean that the name of the person currently occupying the home does not match his name, registered as the owner of the home. If that's what he meant, then yes that makes as he is currently using the property for income, not as his homestead residence.
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