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Old 05-15-2023, 06:23 AM
 
34 posts, read 41,342 times
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Hey Folks: My wife and I recently relocated from north to PC. Got some questions regarding applying homestead exemption.
So we've already sold our house in the north and permanently moved to Florida, but we do own two properties here, one house in PC and one very small condo in Tampa near the airport. I mostly stay in PC while wife mostly in Tampa since she travels a lot and want to be close to the airport. My driver license is in PC while hers is in Tampa. My question is: when I apply homestead for the bigger house in PC, can I use only my driver license? Would it affect my tax rate if my wife's drivers license is not in PC? Also, I'd like to know if it is legal to claim the PC house as my homestead while the Tampa condo as her homestead?
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Old 06-16-2023, 12:51 PM
 
Location: on the wind
23,250 posts, read 18,764,714 times
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From what little I've read about homestead-type tax exemptions, someone can only claim their primary home. A legally married couple can only claim a homestead exemption on their primary home.

Just some thoughts:

How separate do the two of you keep your lives in terms of finances/property/mortgages, etc.? You may need to change that. But, by doing so you could lose other tax-related advantages you get from marriage.

Whether either of you claim the other as a dependent.

Which home is your primary legal residence; listed on tax, insurance, and other records.

Which home is her primary legal residence...

Whether both of you are listed on the deeds for both houses.

What percentage of time do each of you occupy those respective homes during the year. Exemptions often have residency requirements and due to all the second homes in FL probably a significant one.

Last edited by Parnassia; 06-16-2023 at 02:05 PM..
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