Financing a Parsonage
I'm a pastor and currently receiving a weekly amount for housing allowance. The home I live in is personally owned and not receiving the benefit of a parsonage.
In my state, if the property is owned by the church, then the property taxes may be waived (not sure if that's the legally terminology).
My question is this, is there a way to add the church to the title to give them a position of ownership but still keep the mortgage in my name personally and still qualify for the property tax exemption?
I realize this probably isn't an easy answer but curious if there is a way to do it?
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