2006-12-08 08:05:32 · 5 answers · asked by MarneyNikki 2 in Business & Finance ➔ Renting & Real Estate
Yes.
2006-12-08 08:07:49 · answer #1 · answered by moto 3 · 0⤊ 0⤋
I assume you are asking if you can "homestead" more than one property, taking advantage of the lower property taxes you get from doing so?
If so, then yes you can try. It's illegal, but it's very difficult for the counties to track this stuff, especially if the other property is in another state. Florida has a rampant problem with this stuff, and is getting better by the day at cross-checking inside the state, as some people have two homes in FL.
Just pay what you are supposed to, so you don't have to lose sleep wondering if you'll get in trouble for lying to the government.
If you can afford two houses, you can afford to pay the taxes you rightfully owe.
2006-12-08 08:09:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, but there is a limitation as to how much you can deduct, depending upon your income level.
2006-12-08 08:07:57 · answer #3 · answered by jim 6 · 0⤊ 0⤋
only if you own more than one home
2006-12-08 08:16:21 · answer #4 · answered by BLUE 3 · 0⤊ 0⤋
your question doesn't make sense.
2006-12-08 09:10:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋