However, you may not receive a homestead exemption on any part of the property that is rented out to others or used primarily for business purposes. Neither you nor your spouse, if you are married, may claim a residence homestead exemption on any other residential property, no matter where that property may be located. To illustrate, if you own a home in Montgomery County and a resort property on a lake in another county, you may only claim the homestead exemption on the one property which is your principal residence. It is a felony offense to falsely apply for a homestead exemption. Also properties which are found to be improperly receiving an exemption must be assessed for a five-year period.
Back assessment can result in substantial liability for taxes and interest.
County Taxes - All Qualified Homeowners Montgomery County does not provide an optional homestead exemption. The governing body of each taxing unit decides whether it will offer the exemption and at what percentage. This percentage exemption is added to any other homestead exemption for which the applicant qualifies.