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Homestead exemption is usually a Constitutional correct. Exemption is predicated upon possession or dependency on an owner and long lasting residence. it doesn't address or exclude 2nd house ownership or out-of-state assets tax credits.

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point out tax codes have a way of accumulating junk -- quirky breaks and carve-outs that mature progressively odd because they linger to the books, like tacky outdated legislative souvenirs. In Alabama, you may even now deduct $1,000 for developing a radioactive fallout shelter.

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where long term residency is needed for a foundation for the granting of that advert valorem tax exemption or tax credit score …

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