Hello, My husband and I have wanted to invest in real estate for years now and recently made the decision to purchase a new home while converting our primary residence into a rental. Since we are both 100% disabled veterans, we each get the 100% property tax exemption and we currently don't pay properties taxes on our primary residence. ??Our? primary residence is a 5 bedroom, 2.5 bath, 2 story home, built in December 2019... Our original plan was to buy a new home, using the VA Loan and rent out our current home (under the impression that we wouldn't have to pay property taxes on EITHER property).. He would have used his tax exemption for the rental and mine would be used for our new primary?
