What is the definition of Homestead exemption? | Dictionary.net

HOMESTEAD EXEMPTION

\hˈə͡ʊmstɛd ɛɡzˈɛmpʃən], \hˈə‍ʊmstɛd ɛɡzˈɛmpʃən], \h_ˈəʊ_m_s_t_ɛ_d ɛ_ɡ_z_ˈɛ_m_p_ʃ_ə_n]\

Definitions of HOMESTEAD EXEMPTION

1910 - Black's Law Dictionary (2nd edition)

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The part of a home's value that is exempt from taxes. It reduces the tax burden on the tax payer. It is only for primary residence.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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