homestead exemptionin a sentence
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Texas and Florida are amongst the states that have a homestead exemption.
homestead exemption = an amount of the value of one's home that some states and local jurisdictions deduct from the value that is taxed
- So skilfully and so closely has he drawn the bonds of the law about the tenant, that the black man has often simply to choose between pauperism and crime; he "waives" all homestead exemptions in his contract; he cannot touch his own mortgaged crop, which the laws put almost in the full control of the land-owner and of the merchant.† (source)
- I have seen a black farmer fall in debt to a white storekeeper, and that storekeeper go to his farm and strip it of every single marketable article,—mules, ploughs, stored crops, tools, furniture, bedding, clocks, looking-glass,—and all this without a sheriff or officer, in the face of the law for homestead exemptions, and without rendering to a single responsible person any account or reckoning.† (source)