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I'm going to buy a House! (file.coffee)

submitted 1 year ago* (last edited 1 year ago) by sag@lemm.ee to c/comicstrips@lemmy.world

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[-] malloc@lemmy.world 7 points 1 year ago

In a way, some states do have this. Texas for example has the “homestead tax exemption” which puts a cap on the tax burden increases when prop evals 📈. This is only applicable to one home for the family and they must reside in it. You can’t claim this exemption if you are renting it out or have a summer home in this state.

This is what I understand anyways.

this post was submitted on 11 Sep 2023

2353 points (97.1% liked)

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