Question for full timers
Recently retired and just returned from a 6 week trip. My DW and I would love to do more of this. But we have a house as well. We talk about selling and living in the RV. So now to my question. What d...
Forum Discussion
2chiefsRus wrote:msgtord wrote:
Can you own a home in one state and claim residence in another?
The short answer is yes. The longer answer is you may not want to do so depending upon what being a non-resident will do to your property taxes on the home. It also depends upon whether you still live in the home part of the year.
One scenario where you might own property in one state but be a resident in another = you were working in one state where you own a home and then your job transfers you to another state. You move to state 2, but the home in state 1 is for sale but hasn't sold yet.
We owned two homes, each in a different state. Both states offered a Homestead rate for property tax calculation which is a discounted rate. We could only claim one of them and the higher rate applied on the other. You can own homes wherever you want.
