Re: WHAT DOES HOMESTEAD DO?

Posted by Taziblue (64.157.147.56) on January 22, 2004 at 11:16:29:

In Reply to: Re: WHAT DOES HOMESTEAD DO? posted by LadynRed on January 22, 2004 at 09:43:09:

First, Homestead provides you with a tax exemption in some states - example Florida- a certain dollar amount of the property tax is exempt from taxation.

Second, in a state such as Florida, if you declare bankruptcy, you can keep your main home no matter how much money it is worth.

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