2006-09-18 10:33:28 · 7 answers · asked by flower4bird 1 in Politics & Government ➔ Law & Ethics
There are different ones
2006-09-22 07:29:24 · answer #1 · answered by Phyl 2 · 0⤊ 0⤋
There are two uses of the phrase "homestead law".
It originally referred to the concept of homesteading -- claiming property outside of the existing states as a home.
The modern term refers to the exemption that homesteads have under several gift and inheritance tax laws. The value of the home, up to a certain limit in most states, is not taxed. This also protects the home (again up to a certain value) against tax liens. But all of these laws vary by state/country.
2006-09-18 10:45:49 · answer #2 · answered by coragryph 7 · 0⤊ 0⤋
Homestead laws are those laws passed by state or national legislatures to enable individuals to obtain government owned land at little ,or often no, cost by following the guidelines in the law. There are often other benefits to these laws. Homestead laws vary by state /location.
2006-09-18 10:46:07 · answer #3 · answered by wolfcub69 1 · 0⤊ 0⤋
There are tons of info on line if you just google for it. I included one source in the link below.
2006-09-18 10:44:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
in florida it is the place that you rezide most of the year, and occupy jan 1 each year
2006-09-18 10:35:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
it is different in each state
2006-09-18 10:41:27 · answer #6 · answered by alan21627 4 · 0⤊ 0⤋
yep
2006-09-18 10:40:53 · answer #7 · answered by Special Ethel 3 · 0⤊ 0⤋