HomeTermsCompareFinance HomesteadThe definition for Homestead:The dwelling (house and contiguous land) of the head of a family. Some states grant statutory exemptions, protecting homestead property (usually to a set maximum amount) against the rights of creditors. Property tax exemptions (for all or part of the tax) are also available in some states. Statutory requirements to establish a homestead may include a formal declaration to be recorded. Click to compare definitions of Homestead Click to view definitions beginning ho |