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1 2 500 000 u s g s 1972 limited update 1990 1 3MB State and county boundaries county names and county seats rivers and lakes Also available in sections as Texas Eastern 672K and Texas Western 680K University of Texas Map Collection

Texas Gov. Perry says he's humbled after visiting with victims of ...

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Sat, 07 Nov 2009 18:20:03 GM

Texas. governor Rick Perry has visited with wounded victims from the Fort Hood shooting.

Is Texas homestead exemption based on who lives at home or who owns it?
Q. Texas has a $15,000 homestead exemption is a person claims that home as their personal residence. Is it based on who owns the home, who lives there, or who paid for the home? Say its a $100,000 home and it is purchased by a daughter and her grandmother. The daughter contributes $1 and the grandmother contributes $99,999 and the purchase it together for $100,000. They are both listed as joint owners of the home. The grandmother lives outside of Texas. Is this possible to qualify for the Texas Homestead exemption?
Asked by breadbox - Fri Mar 28 14:19:10 2008 - - 1 Answers - 0 Comments

A. In Michigan, it doesn't matter how much each person contributes - if two names are on the deed, one person can claim the exemption. For example, Mr. Jones helps his son purchase a house so Mr. Jones and Mr. Jones Jr. are on the deed. Mr. Jones Jr. lives there and files the Principal Residence Exemption (that is what it is called here) in his name. He is entitled to the entire exemption, not just half. All states are different and you should check into the state law regarding the Homestead Exemption in Texas. As far as the percentage of ownership, is that someplace in writing that the granddaughter owns less than 1%? According to what I can see about the TX homestead law, you will have to put down what percentage each person owns, but… [cont.]
Answered by Pat B - Fri Mar 28 14:30:01 2008