It is my understanding that homestead exemptions (in the US) are based on state statute and are not federal. Am I right and are there states without any exemptions?
2006-10-13 15:42:06 · 10 answers · asked by clearwatervike 2 in Politics & Government ➔ Law & Ethics
Yes they are state and yes there are states that do not have them.
2006-10-13 15:44:15 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I'm pretty sure that you are right the it comes from State law. We don't have a homestead exemption in my State.
2006-10-13 15:44:09 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes to your assumption and both your questions. Since you know how to use the WEB, do a search for your state's statutes on homestead law. It's not hard to find....good luck.
2006-10-13 16:53:19 · answer #3 · answered by Ranger473 4 · 0⤊ 0⤋
Yes, you understand it. You will pay normal taxes for 2012. The exemption will start 2013.
2016-03-28 08:21:36 · answer #4 · answered by ? 4 · 0⤊ 0⤋
does nh have a exemption on homesteaded
2014-08-05 14:23:20 · answer #5 · answered by Carol 1 · 0⤊ 0⤋
Yep they are state. I'd do a search on the state govt site that you are interested in for more information than this though...
2006-10-13 15:44:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
That falls under your state laws, as long as they do not infringe on any federal laws. Which would make them unconstitutional.
2006-10-13 15:58:51 · answer #7 · answered by Christopher 4 · 0⤊ 0⤋
i think so but will see if other states had no exemptions
2006-10-13 15:52:06 · answer #8 · answered by hottemper_princess 2 · 0⤊ 0⤋
state and yes , Those who don't Tax your land. eg.Wyoming
2006-10-13 15:45:33 · answer #9 · answered by Robert F 7 · 0⤊ 0⤋
both
2006-10-13 15:45:00 · answer #10 · answered by Anonymous · 0⤊ 0⤋