Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So there
may be a period of nine months or more that I will be fixing up one place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be the
best to claim homestead as long as possible on the current home since the
property tax will stay depressed for the longest time?

MC

"miamicuse" wrote in message
How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be
the
best to claim homestead as long as possible on the current home since the
property tax will stay depressed for the longest time?

You really have to ask a good accountant. Or a good tax lawyer. Her, you
may get opinion, but facts can be harder to come buy. If you get an IRS
audit, will you show them copies of the recommendations from a newsgroup as
evidence? I'd sure like to watch if you do.

Presumably you are in Florida. Go to
http://www.myflorida.com/dor/property/exemptions.html.
The simple answer is the location that you are actually using as your
residence on January 1.

Charlie



"miamicuse" wrote in message
...
Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before moving
in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So there
may be a period of nine months or more that I will be fixing up one place
or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be
the
best to claim homestead as long as possible on the current home since the
property tax will stay depressed for the longest time?

MC

Charlie Bress wrote:
Presumably you are in Florida. Go to
http://www.myflorida.com/dor/property/exemptions.html.
The simple answer is the location that you are actually using as your
residence on January 1.

Charlie



Are you in Florida?? Or some other state. Texas has a homestead
exemption too, don't know about other states.

So it is VERY very important to know WHICH state you live in.

Miami is a city name in more than one state


"miamicuse" wrote in message
...

Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before moving
in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So there
may be a period of nine months or more that I will be fixing up one place
or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be
the
best to claim homestead as long as possible on the current home since the
property tax will stay depressed for the longest time?

MC

"Robert Gammon" wrote in message
. com...
Charlie Bress wrote:
Presumably you are in Florida. Go to
http://www.myflorida.com/dor/property/exemptions.html.
The simple answer is the location that you are actually using as your
residence on January 1.

Charlie



Are you in Florida?? Or some other state. Texas has a homestead
exemption too, don't know about other states.

So it is VERY very important to know WHICH state you live in.

Miami is a city name in more than one state

In the chance that the OP is in Miami Texas, (in Roberts County) then the
appropriate link for information would be
http://www.window.state.tx.us/taxinf...x/exmptns.html.

Isn't it better to givean extra bit of information instead of just
complaining that mi presumption might have been wrong?

I will not check into any other states.

BTW, the requirements are essentially the same.



"miamicuse" wrote in message
...

Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So
there
may be a period of nine months or more that I will be fixing up one
place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be
the
best to claim homestead as long as possible on the current home since
the
property tax will stay depressed for the longest time?

MC

On Mon, 5 Jun 2006 23:23:49 -0400, "miamicuse"
wrote:

Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So there
may be a period of nine months or more that I will be fixing up one place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be the
best to claim homestead as long as possible on the current home since the
property tax will stay depressed for the longest time?

miamicuse wrote:
Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So there
may be a period of nine months or more that I will be fixing up one place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be the
best to claim homestead as long as possible on the current home since the
property tax will stay depressed for the longest time?

MC



Claim the one that gives you the highest savings. In the new home, if
the previous owner owned it a long time, the taxes will go up for you
substantially because of the "Save our Homes" tax rise cap, I believe.
Register to vote from whichever one you decide on. Don't think the gov'
t goes around to see if you are sleeping in the homestead.

I changed my voter regis. when I moved in with hubby and was getting
ready to sell my house. I promptly got a notice saying my homestead ex.
was cancelled because I registered to vote elsewhaere. Just changed the
vot. reg. back to my house until it was sold.

Norminn wrote:
miamicuse wrote:
Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So there
may be a period of nine months or more that I will be fixing up one
place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it
be the
best to claim homestead as long as possible on the current home since the
property tax will stay depressed for the longest time?
Claim the one that gives you the highest savings. In the new home, if
the previous owner owned it a long time, the taxes will go up for you
substantially because of the "Save our Homes" tax rise cap, I believe.
Register to vote from whichever one you decide on. Don't think the gov'
t goes around to see if you are sleeping in the homestead.

I changed my voter regis. when I moved in with hubby and was getting
ready to sell my house. I promptly got a notice saying my homestead ex.
was cancelled because I registered to vote elsewhaere. Just changed the
vot. reg. back to my house until it was sold.

Your problem might not be the new state letting you declare it as your
residence. Rather the state you are leaving may not let go. That want
your tax dollars!

Stubby wrote:


Norminn wrote:

miamicuse wrote:

Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So
there
may be a period of nine months or more that I will be fixing up one
place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it
be the
best to claim homestead as long as possible on the current home since
the
property tax will stay depressed for the longest time?

Claim the one that gives you the highest savings. In the new home, if
the previous owner owned it a long time, the taxes will go up for you
substantially because of the "Save our Homes" tax rise cap, I believe.
Register to vote from whichever one you decide on. Don't think the
gov' t goes around to see if you are sleeping in the homestead.

I changed my voter regis. when I moved in with hubby and was getting
ready to sell my house. I promptly got a notice saying my homestead
ex. was cancelled because I registered to vote elsewhaere. Just
changed the vot. reg. back to my house until it was sold.


Your problem might not be the new state letting you declare it as your
residence. Rather the state you are leaving may not let go. That want
your tax dollars!
In my situation, both locations within Florida.

Norminn wrote:
miamicuse wrote:
Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So
there
may be a period of nine months or more that I will be fixing up one
place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it
be the
best to claim homestead as long as possible on the current home since
the
property tax will stay depressed for the longest time?

MC



Claim the one that gives you the highest savings. In the new home, if
the previous owner owned it a long time, the taxes will go up for you
substantially because of the "Save our Homes" tax rise cap, I believe.
Register to vote from whichever one you decide on. Don't think the
gov' t goes around to see if you are sleeping in the homestead.

I changed my voter regis. when I moved in with hubby and was getting
ready to sell my house. I promptly got a notice saying my homestead
ex. was cancelled because I registered to vote elsewhaere. Just
changed the vot. reg. back to my house until it was sold.


This is again State specific advice and we do not yet know which state
the original poster is from in spite of the label they used for the posting

A little bit of searching shows that there are towns named Miami in
Florida
Ohio
Texas
Oklahoma
Arizona
New Mexico
West Virginia
Kansas has a county named Miami

And there may be others as well.

"Robert Gammon" wrote in message
.net...
Norminn wrote:
miamicuse wrote:
Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So
there
may be a period of nine months or more that I will be fixing up one
place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be
the
best to claim homestead as long as possible on the current home since
the
property tax will stay depressed for the longest time?

MC



Claim the one that gives you the highest savings. In the new home, if
the previous owner owned it a long time, the taxes will go up for you
substantially because of the "Save our Homes" tax rise cap, I believe.
Register to vote from whichever one you decide on. Don't think the gov'
t goes around to see if you are sleeping in the homestead.

I changed my voter regis. when I moved in with hubby and was getting
ready to sell my house. I promptly got a notice saying my homestead ex.
was cancelled because I registered to vote elsewhaere. Just changed the
vot. reg. back to my house until it was sold.


This is again State specific advice and we do not yet know which state the
original poster is from in spite of the label they used for the posting

A little bit of searching shows that there are towns named Miami in
Florida
Ohio
Texas
Oklahoma
Arizona
New Mexico
West Virginia
Kansas has a county named Miami

And there may be others as well.

And which ones have homestead exemptions? You are only doing half a job.
Not good!

Have you noticed the complaints from the OP?

Charlie Bress wrote:
"Robert Gammon" wrote in message
.net...

Norminn wrote:

miamicuse wrote:

Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So
there
may be a period of nine months or more that I will be fixing up one
place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be
the
best to claim homestead as long as possible on the current home since
the
property tax will stay depressed for the longest time?

MC




Claim the one that gives you the highest savings. In the new home, if
the previous owner owned it a long time, the taxes will go up for you
substantially because of the "Save our Homes" tax rise cap, I believe.
Register to vote from whichever one you decide on. Don't think the gov'
t goes around to see if you are sleeping in the homestead.

I changed my voter regis. when I moved in with hubby and was getting
ready to sell my house. I promptly got a notice saying my homestead ex.
was cancelled because I registered to vote elsewhaere. Just changed the
vot. reg. back to my house until it was sold.

This is again State specific advice and we do not yet know which state the
original poster is from in spite of the label they used for the posting

A little bit of searching shows that there are towns named Miami in
Florida
Ohio
Texas
Oklahoma
Arizona
New Mexico
West Virginia
Kansas has a county named Miami

And there may be others as well.


And which ones have homestead exemptions? You are only doing half a job.
Not good!

Have you noticed the complaints from the OP?




No comments at all ever noticed from the OP

Homestead exemptions exist for

Florida
Ohio
Texas
Oklahoma -- UNLIMITED
Arizona
New Mexico
Kansas

Only West Virginia from the list above does NOT have a homestead exemption

sorry I failed to mentioned I am located in Miami Florida USA.

MC

"Robert Gammon" wrote in message
.net...
Norminn wrote:
miamicuse wrote:
Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving in
and it may take six to nine months to complete. During this time I
will
continue to stay at my current home, after the remodeling is completed
I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So
there
may be a period of nine months or more that I will be fixing up one
place or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it
be the
best to claim homestead as long as possible on the current home since
the
property tax will stay depressed for the longest time?

MC



Claim the one that gives you the highest savings. In the new home, if
the previous owner owned it a long time, the taxes will go up for you
substantially because of the "Save our Homes" tax rise cap, I believe.
Register to vote from whichever one you decide on. Don't think the
gov' t goes around to see if you are sleeping in the homestead.

I changed my voter regis. when I moved in with hubby and was getting
ready to sell my house. I promptly got a notice saying my homestead
ex. was cancelled because I registered to vote elsewhaere. Just
changed the vot. reg. back to my house until it was sold.


This is again State specific advice and we do not yet know which state
the original poster is from in spite of the label they used for the
posting

A little bit of searching shows that there are towns named Miami in
Florida
Ohio
Texas
Oklahoma
Arizona
New Mexico
West Virginia
Kansas has a county named Miami

And there may be others as well.

Thank you this is the information I was looking for it is greatly
appreciated.

MC

"Charlie Bress" wrote in message
. ..
Presumably you are in Florida. Go to
http://www.myflorida.com/dor/property/exemptions.html.
The simple answer is the location that you are actually using as your
residence on January 1.

Charlie



"miamicuse" wrote in message
...
Just purchased a home which I intend to use as a primary residence
eventually. But I intend to do some substantial remodeling before
moving
in
and it may take six to nine months to complete. During this time I will
continue to stay at my current home, after the remodeling is completed I
will move to the new home, then I will fix up the current residence to
increase it's value for resale, and that may take a few months. So
there
may be a period of nine months or more that I will be fixing up one
place
or
the other. How should I deal with the primary residence and homestead
exemption issue? I can't claim both as primary residence... Will it be
the
best to claim homestead as long as possible on the current home since
the
property tax will stay depressed for the longest time?

MC