Assertion: homestead | /r/HasProperty | exempt
Facets:
value: fully
type: DEGREE
value: partially
type: DEGREE
value: under some statutes
type: OTHER
value: from judicial sale
type: OTHER
value: regardless of their status
type: OTHER
value: from that
type: OTHER
value: except with regard to debt
type: OTHER
value: from taxation
type: OTHER
value: completely
type: DEGREE
Source sentences:
text: Property tax exemptions do not affect the resale values of homes, and homeowners retain the right to vote on property tax levies and increases in their municipalities and school districts, even if their homesteads are completely exempt from taxation.
text: Homestead is an exemption that they will deduct off the assesed value of your property, so that the taxable value is less, and your taxes are less.
text: A homestead held as tenants by the entirety in Michigan is fully exempt in bankruptcy under the Michigan exemption law except with regard to debt that is joint between the spouses.
text: Whether there has been an abandonment of a homestead so as to deprive it of its exemption character should be determined by a consideration of all the pertinent facts and circumstances of each case as it arises, having in view the intent and purposes of the organic provisions that the homestead shall be exempt from forced sale[viii]. Circumstances that indicate abandonment of homestead include:
text: It is to be noted that under some statutes, homestead of every person is exempt from judicial sale regardless of their status generally[vi].
text: When equity in a homestead exceeds $40,000, the homestead is partially exempt, and a docketed judgment is a lien upon the debtor's equity in excess of the $40,000.
text: If a debtor has less than $40,000 in equity, the homestead is fully exempt, and the debtor has no interest to which a judgment lien may attach.
text: When equity in a homestead exceeds $40,000, the homestead is partially exempt, and a docketed judgment is a lien upon the debtor's equity in excess of the $40,000.
text: If a debtor has less than $40,000 in equity, the homestead is fully exempt, and the debtor has no interest to which a judgment lien may attach.