Associate of Arts (AA) REQUIRED CREDITS: 60 DEGREE CODE: AA. NOTE â¢ Course numbers with the âBâ suffix may be non-transferable for a NSHE baccalaureate degree. â¢ Course numbers with the âHâ suffix are designated Honors-level courses and can be used to fulfill equivalent general education requirements.
per the formally declared homestead law, an owner's equity within the allowed amount is protected for how many months in the event the homeowner sells and purchases another home.
What It Does. The homestead exemption allows you to save on property taxes by allowing you to exclude a portion of your home's value from assessment. The amount of tax you owe is calculated based on the difference between your home's value and the exemption amount. For example, if your home is valued at $250,000 and your state allows a homestead exemption of $25,000, you would only pay taxes on the remaining $225,000. Depending on the amount of the exemption allowed in your state, you could potentially shave hundreds of dollars off your tax bill each year.