May 04 , 2016

Tampa School of Real Estate

Partially Exempt

Definition:    property subject to taxation, but the owner is partially relieved of the burden

Pronunciation:   \ˈpär-sh(ə-)lē\ \ig-ˈzem(p)t\

Used in a Sentence:    By having our property homesteaded we were partially exempt from all of the taxes assessed on it.

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