Homestead credit in Arkansas

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Icon Mini Profile hicotton

Joined: 21 Oct 2010

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Post Posted: Thu Oct 21, 2010 2:40 pm    Post subject: Homestead credit in Arkansas

The children inherited 120 acres and there's one house on one child's portion of the land; can that person get a homestead credit on this property if it was acquired by QCD?
Icon Mini Profile adonis

Joined: 22 Oct 2005

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Location: ALASKA
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Post Posted: Thu Oct 21, 2010 7:56 pm    Post subject:

Hi hicotton,

If the child is the sole owner of the property and it is his or her primary residence, then he or she can obtain homestead exemptions on that property.

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