homestead law

noun

Definition of homestead law 

1 : a law exempting a homestead from attachment or sale under execution for general debts

2 : any of several legislative acts authorizing the sale of public lands in homesteads

Examples of homestead law in a Sentence

Recent Examples on 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. Brittany Wallman, Sun-Sentinel.com, "Lauderhill taxpayers brace for higher taxes and fees," 27 Sep. 2017 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. Brittany Wallman, Sun-Sentinel.com, "Wilton Manors tax, utility bills are rising," 25 Sep. 2017

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.

First Known Use of homestead law

1847, in the meaning defined at sense 1

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The first known use of homestead law was in 1847

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