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Can I claim homestead credit for living in a hotel room more than a year?

 
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2 Replies

Can I claim homestead credit for living in a hotel room more than a year?

Which state?

Carl
Level 15

Can I claim homestead credit for living in a hotel room more than a year?

Typically, a homestead credit is a reduction of the value of your home that property taxes are assessed on by the county property tax appraiser. If you are living in a hotel room I doubt you own it (while it's not impossible that you do) and therefore you are not assessed property taxes on it. You can't get a homestead exemption on property that you don't own.

Some states that tax personal income do have provisions for a "renter's credit" that is a portion of the rent they pay to their landlord, that is related to the homestead exemption. You may qualify for that if you are a long term renter. I also think (but not sure) the property being rented has to be classified as "residential rental real estate". To the best of my limited knowledge, a hotel room doesn't meet that classification.

But laws do differ state to state.

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