Homestead definition

Homestead means homestead as defined and qualified in Code Section 48-5-40 of
Homestead. , as used in this paragraph, means the dwelling
Homestead means that term as defined in section 1211 of the revised school code, MCL 380.1211.

Examples of Homestead in a sentence

  • On March 13, 2023, the Governor signed law enacting the Homestead Tax Relief Grant (“HTRG”) to provide eligible homeowners in Georgia a tax relief grant in the form of an $18,000 reduction of the assessed value of their homestead property (Ga. Const.


More Definitions of Homestead

Homestead means a dwelling or a unit in a multiple-unit dwelling, owned and occupied as a home by the owner thereof, including all contiguous unoccupied real property owned by the person. Homestead includes a dwelling and an outbuilding used in connection with a dwelling, situated on the lands of another.
Homestead means a dwelling or a unit in a multipurpose or multidwelling building which is subject to ad valorem taxes and which is owned and occupied as the principal domicile by the owner thereof.
Homestead means the dwelling, whether owned or rented, and so much of the land
Homestead means the dwelling owned or rented by the taxpayer or held in a revocable living trust for the benefit of the taxpayer and occupied by the taxpayer and the taxpayer's dependents as a home, and may consist of a part of a multidwelling or multipurpose building and a part of the land, up to 10 acres, upon which it is built. "Owned" includes a vendee in possession under a land contract, one or more joint tenants or tenants in common and possession under a legally binding agreement that allows the owner of the dwelling to transfer the property but continue to occupy the dwelling as a home until some future event stated in the agreement.[PL 2013, c. 368, Pt. L, §1 (NEW).]
Homestead or "homestead property" means:
Homestead means the dwelling, or any part thereof, owned and occupied as a residence by the household and so much of the land surrounding it, as defined as a home site for ad valorem tax purposes, and may consist of a part of a multi-dwelling or multi-purpose building and a part of the land upon which it is built or a manufactured home or mobile home and the land upon which it is situated. "Owned" includes a vendee in possession under a land contract, a life tenant, a beneficiary under a trust and one or more joint tenants or tenants in common.