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But Exactly what does "bona fide" necessarily mean? which is significantly from apparent. Aided by lax courtroom rulings, builders have seized on that ambiguity by leasing out their land to cattle ranchers whilst they put together to make, frequently shaving numerous 1000s of dollars off their tax charges.
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If Homestead exemption is lost, retroactive clawback authority also applies. this can be a statutory mandate provided to your house Appraiser for clawback of prior years Advantages. This mandate is particularly severe. It is mentioned beneath as it absolutely was utilized in a specific appellate feeling.
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