I just bought my grandma’s house, which is adjacent to property I co-own with my cousins. Since the “ownership” doesn’t match on the parcels I can only homestead my plot. Would a land trust make it possible to homestead the co-owned land?
You can only get one Exemption per person. However, if the taxing body will consider the trust and individual (and not ask for proof of who the beneficiary is….which would be you, who already has an exemption on the lot), you might get by with it.