Age old question - where to domicile

ependydad wrote:

Scottiemom wrote:
One thing to consider. . . do you have a mortgage exemption which lowers your property taxes on your home you rent out? If so, changing residency to another state means you will lose that exemption. How much is it? The taxes on our rental home are double what they would be if we lived there instead of full time in our motorhome. That must be calculated in the cost of going full time. If you maintain your exemption on it, then you taking an exemption that is only available to residents of the state, but you're not. How does your mortgage company feel about that?

Need to inquire about that.

Dale

Dale, this is a very good question and not one that I know the answer to. Do I start with the mortgage company? Or somewhere else?

I think OutdoorPhotographer is correct. In Indiana you must meet several requirements for an exemption, including that it must be your primary residence and it must be owner occupied. Yours is neither. Vacation homes and rental properties are not eligible. We full time, our motorhome is our primary residence. The home we rent out was never our home and we do not claim an exemption for it. We have to file taxes in the state it is located in for that rental income, but we do file as a non-resident.

So if you keep your exemption and establish a domicile elsewhere, you are sending up a red flag. You can only have one domicile. The link to loringlaw might offer you a chance to ask some questions.

Dale