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Property taxes and insurance on two homes?
Our family may be moving to another home and will pay only the electric bill for the new one while taking the several weeks needed to be totally moved out of the current house. As retired our state has homestead exemption and current taxes are $130 a year and insurance is around $550 a year. The current home will be the primary home until the very last week of move out. How should this affect our home owner's insurance and property taxes and the state is S.C. Yes we can contact the tax assessor and we can contact insurance company but we'd like to have some knowledge of the numbers before we do that. Thanks.
Years ago a relative's house was no longer the primary home and I believe the house had un-occupied insurance or possibly landlord insurance.
3 Answers
- SlickterpLv 72 weeks agoFavorite Answer
You can only homestead one house. You pay double property tax and insurance as long as you own both.
- realtor.sailorLv 72 weeks ago
You should insure the home you are moving to now! Unless the current owner has homestead exemption you probably wont qualify for unit until January 1 of next year.
- PatLv 72 weeks ago
How in the f*** do you expect anyone to know this stuff?
Pretend you're a grownup.
Handle your business properly.
