Recent Examples of homestead law from the Web
For the owner of a $125,000 house that's a primary residence and protected by state homestead laws, the value will increase only 2.1 percent, and $50,000 in value will be tax-exempt.
For the owner of a $260,000 house that's a primary residence and protected by state homestead laws, the value for tax purposes would increase only 2.1 percent, and $50,000 in value would be exempt from taxation.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'homestead law.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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