Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Homestead exemption
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Description== Homestead exemption laws typically have four primary features: # Preventing the [[forced sale]] of a home to meet the demands of [[creditor]]s, usually except [[mortgage law|mortgages]], [[mechanic's lien]]s, or sales to pay property taxes # Providing the [[surviving spouse]] with shelter # Providing an exemption from [[property taxes]] on a [[home]] # Allowing a tax-exempt homeowner to vote on property tax increases to homeowners over the threshold, by bond or millage requests For the purposes of statutes, a homestead is the one [[primary residence]] of a person, and no other exemption can be claimed on any other property anywhere, even outside the boundaries of the [[jurisdiction]] in which the exemption is claimed. In some states, homestead protection is automatic. In many states, however, homeowners receive the protections of the law only if they file a claim for homestead exemption with the state. Furthermore, the protection can be lost if the homeowner abandons the protected property by taking up primary residence elsewhere.{{cn|date=December 2024}}
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)