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Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 34091
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: 1 year ago.
Category: Real Estate Law
Expert:  Loren replied 1 year ago.
You would declare homestead to declare residency, obtain a credit against real estate taxes and protection from creditor claims.
Customer: replied 1 year ago.
Who/what gives the credit and on what taxes? What is the amount of credit (clark county NV)
Expert:  Loren replied 1 year 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.