homestead
6
7.3
- noun
- /ˈhoʊmˌstɛd/
- Formal
:
vivienda habitual (EE. UU.)
- Under Florida's generous homestead exemption, health care and real estate magnate Abe Gosman could keep this 64,000-sq.-ft. mansion in West Palm Beach.
- homestead exemption
- homestead laws
- homestead property
Other states have a dollar limit for the homestead.
- Other states have a dollar limit for the homestead.
Examples
-
A mortgage on a marital homestead without the signature of both spouses is entirely void.
Blog text (21) -
Under the new approach, homestead property is taxed at 6 mills and non-homestead property at 24 mills.
Academic text (1994) -
The new federal legislation would set a cap on homestead exemptions.
Academic text (2001) -
Orleans Parish homeowners still have time to apply for homestead exemption.
Blog text (26) -
Borrower waives all right of homestead exemption in the property.
Blog text (21) -
If you own a home and have protected it by taking a homestead exemption (which is now $50,000)...
Blog text (28) -
Second, rather than millage rates being applied uniformly on all property, different rates are now applied to homestead and non-homestead property.
Academic text (1994) -
Some senators from states that have no limits on homestead exemptions have threatened to withhold support for legislation that contains a federal cap.
Academic text (2001) -
Throughout the 1990s, language debates flared in Alabama over such issues as Spanish-language driver tests and homestead tax exemptions for non-English speakers.
Academic text (2003) -
In many states, homeowners can apply for a homestead exemption to reduce their property taxes.
Compounds
- Formal
A law that protects a person's home from people or companies who are owed money
Surface Forms
Morphology
Etymology
Homestead comes from the old English parts home and stead, meaning 'home place'. That's why in law a family's main house is called a homestead and often gets special protection or tax rules.