Closed on selling my house 2 Years ago. Now buyer is trying to sue me for 490.00 for homestead exemption that I had but she didnt qualify for in time to get a tax break. Can she sue me for this?

The homestead exemption in Texas does typically stay in place for the year of the sale, and the taxes for that year reflect those exemptions. This can indeed be beneficial for both the seller and the buyer. The buyer, as the new owner of the property, would then need to apply for a homestead exemption in the following year.However, if theres a dispute over the homestead exemption and its impact on property taxes, it can become a complex issue. As you suggested, it would be highly beneficial to seek legal services or consult with an attorney who specializes in property law. They can provide guidance based on the specifics of the situation and the applicable laws. Its always important to ensure that all legal and financial aspects are properly handled when dealing with real estate transactions.

Anybody can sue you for anything from the end of the day they got approved you guilty. But in regards of claim, as soon as she or him takes ownership are responsible to apply for any discounts that they qualify for after taking possession, title company, discloses tax info at closing.

Good news, there is a way for your buyer to get reimbursed for the homestead exemption for the past 3 years. This can all be corrected at the county if she can prove she was living there. I actually have an agent who works for me that specializes in getting homestead rebates. I am sure he would be happy to talk to you about it. Reach out -- Ed@NeuhausRE.com or 512-827-8830

Drew! Great question! To preface my answer, I'd like to say that legalities will not be found here, but rather generalities and if you'd like more precise answers, you should definitely consult an attorney. Also, a lawsuit for $490!? That sound pretty petty and silly haha, but to each their own! As a general rule, if there is a discrepancy on the tax prorations done at the time of closing and one party feels as though the credit was not correct, that party can go after the other party for the difference. It's not a super common occurrence. I understand this to be a civil matter that only applies to the calculation of taxes for the tax year in question and no subsequent years. If I were so inclined to take a matter such as this serious, I would want to make sure that the money is only from that year and see the proof. Homestead exemption aside, remember that regardless of why the calculations were done incorrectly, IF they were, then you were awarded money that was not meant to be yours and it should, in my mind, be rightfully given back. But, that's up to you and possibly, ultimately a court to decide. Best of luck with this matter Drew! Feel free to reach out anytime! codysellproperty@gmail.com 346-412-6603

Drew! Great question! To preface my answer, I'd like to say that legalities will not be found here, but rather generalities and if you'd like more precise answers, you should definitely consult an attorney. Also, a lawsuit for $490!? That sound pretty petty and silly haha, but to each their own! As a general rule, if there is a discrepancy on the tax prorations done at the time of closing and one party feels as though the credit was not correct, that party can go after the other party for the difference. It's not a super common occurrence. I understand this to be a civil matter that only applies to the calculation of taxes for the tax year in question and no subsequent years. If I were so inclined to take a matter such as this serious, I would want to make sure that the money is only from that year and see the proof. Homestead exemption aside, remember that regardless of why the calculations were done incorrectly, IF they were, then you were awarded money that was not meant to be yours and it should, in my mind, be rightfully given back. But, that's up to you and possibly, ultimately a court to decide. Best of luck with this matter Drew! Feel free to reach out anytime! codysellproperty@gmail.com 346-412-6603

Drew! Great question! To preface my answer, I'd like to say that legalities will not be found here, but rather generalities and if you'd like more precise answers, you should definitely consult an attorney. Also, a lawsuit for $490!? That sound pretty petty and silly haha, but to each their own! As a general rule, if there is a discrepancy on the tax prorations done at the time of closing and one party feels as though the credit was not correct, that party can go after the other party for the difference. It's not a super common occurrence. I understand this to be a civil matter that only applies to the calculation of taxes for the tax year in question and no subsequent years. If I were so inclined to take a matter such as this serious, I would want to make sure that the money is only from that year and see the proof. Homestead exemption aside, remember that regardless of why the calculations were done incorrectly, IF they were, then you were awarded money that was not meant to be yours and it should, in my mind, be rightfully given back. But, that's up to you and possibly, ultimately a court to decide. Best of luck with this matter Drew! Feel free to reach out anytime! codysellproperty@gmail.com 346-412-6603