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Section XII-1: Extent and value of homestead - Rights of Indians - Temporary renting.

    A.  The homestead of any person in this State, not within any
city or town, shall consist of not more than one hundred sixty acres
of land, which may be in one or more parcels, to be selected by the
owner.
    B.  Effective November 1, 1997, the homestead of any person in
this state, not within any city or town, annexed by a city or town on
or after November 1, 1997, owned and occupied and used for both
residential and commercial agricultural purposes shall consist of not
more than one hundred sixty acres of land, which may be in one or
more parcels, to be selected by the owner.
    C.  The homestead of any person within any city or town, owned
and occupied as a residence only, or used for both residential and
business purposes, shall consist of not exceeding one acre of land,
to be selected by the owner.  For purposes of this subsection, at
least seventy-five percent (75%) of the total square foot area of the
improvements for which a homestead exemption is claimed must be used
as the principal residence in order to qualify for the exemption.  If
more than twenty-five percent (25%) of the total square foot area of
the improvements for which a homestead exemption is claimed is used
for business purposes, the homestead exemption amount shall not
exceed Five Thousand Dollars ($5,000.00).
    D.  Nothing in the laws of the United States, or any treaties
with the Indian Tribes in the State, shall deprive any Indian or
other allottee of the benefit of the homestead and exemption laws of
the State.
    E.  Any temporary renting of the homestead shall not change the
character of the same when no other homestead has been acquired.



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