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William just purchased a residential investment property for $225,000. William is 60, married, and will not occupy the property. Will this new property qualify for a homestead exemption?
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William just purchased a residential investment property for $225,000. William is 60, married, and will not occupy the property. Will this new property qualify for a homestead exemption?

User DaveV
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1 Answer

6 votes
No, because he has to reside on the property to qualify for a homestead exemption.
User Rohan Panchal
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8.4k points
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