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Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 28516
Experience:  30 years of real estate practice experience.
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When and why should a condo owner homestead?

Customer Question

When and why should a condo owner homestead?
Submitted: 6 months ago.
Category: Real Estate Law
Expert:  Loren replied 6 months ago.
You would declare homestead to declare residency, obtain a credit against real estate taxes and protection from creditor claims.
Customer: replied 6 months ago.
Who/what gives the credit and on what taxes? What is the amount of credit (clark county NV)
Expert:  Loren replied 6 months ago.
Clark County is not one of the jurisdictions offering a homestead exemption, but you would still need it to establish residency and utilize creditor protection.

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