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What is the Homestead Exemption?
The Problem with Many Charts of States: Inaccuracy/Outdated & Limited Information
Homestead Exemption Charts
States that Allow Federal Exemption Instead
VA Main Homestead Provisions:
Recent Changes Explained by Attorney
Provision Basics Quoted ($25k for personal residence, $5k+ for money & Debts Due)
§ 34-4.1. Additional exemption for certain veterans.
§ 34-4.2. Additional exemption for parents of dependent children.
§ 34-5. To what debts exemptions shall not apply.
§ 34-6. How exemption of real estate secured
Many More Details in Homestead Law
Disclaimer: Importance of Checking Updated Legal Codes
Additional VA Homestead Related Provisions Mentioned in 1st Sentence of Homestead Exemption:
§ 23.1-707. Prepaid tuition contracts and college and ABLE savings trust agreements.
§ 34-26. Poor debtor's exemption; exempt articles enumerated (>$35k possible additional specific exemptions on personal property & more).
§ 34-27. Additional articles exempted to householder engaged in agriculture.
§ 34-29. Maximum portion of disposable earnings subject to garnishment.
§ 64.2-311. $20k Homestead allowance for Surviving Spouse or Orphaned Surviving Minor Children
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About the Author: Adam Garrett - 3rd Generation REALTOR®
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