Talk:Homestead exemption
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Merged in info from Homestead (law) article written by Rj. -- BD2412 talk July 9, 2005 16:30 (UTC)
In Florida a tv attorney says even the sales procedes from a homestead are exempt if the procededs are used to by another house. Is this correct?
- In Florida, this is correct but only for purchase of another Florida homestead property, and for a limited time. If you don't sink the proceeds into a new homestead within a 'reasonable' time, the proceeds lose homestead exemption status. I don't know what the law might be in any other states. bd2412 T 18:54, 15 December 2006 (UTC)
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- This is generally true in a number of homestead states, but like Florida, only if the proceeds are used to buy a new exempt homestead.LH 18:18, 25 August 2007 (UTC)
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- There's a specic page on the Homestead exemption in Florida where this is covered. RossPatterson 17:33, 5 May 2007 (UTC)
[edit] Regarding Texas claim
I'm pretty sure that Texas requires an application for a homestead exemption (see FAQ[1] and sample application[2]). Whether or not the application process is simply a formality--who knows? Ufwuct 03:54, 7 July 2006 (UTC)
- Aparently so. I've updated the article accordingly. RossPatterson 17:33, 5 May 2007 (UTC)
[edit] How to apply for exemption
I live in Arizona and after learning about this Homestead exemption and also for the fact that Americans love to sue, I like to know how to apply in Arizona.
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- The homestead exemptions vary state to state. Typically they apply to a home lived in by the owner. Whether or not you have to formally apply is determined state by state, but in most instances it's something that's asserted.LH 18:18, 25 August 2007 (UTC)
Just a reminder, Wikipedia should not be used for legal advice, and people writing articles in these pages are doing so for general encyclopedia purposes, not to give legal advice. So please don't ask for anyone to "advise" you of the law. That's something that can't be legally done on a webpage. If you have legal questions of that nature, you need to contact a lawyer.LH 18:18, 25 August 2007 (UTC)
