How does the Florida homestead exemption apply to a house on .51 acres?
<p>If my Florida primary residence is on a .51 acre lot in a municipality and I get sued, can the creditor take my house because I am over the .5 acre limit?</p>
<p>I understand that I would keep .5/.51 = 98% of the proceeds, but would I have to go through the hassle of moving over the extra .01 acres?</p>

<h3>You would have to move</h3>
<p>At least one Florida attorney has spelled this out:</p>
<p><a href="https://www.alperlaw.com/florida-asset-protection/florida-homestead-law/" rel="nofollow noreferrer">https://www.alperlaw.com/florida-asset-protection/florida-homestead-law/</a></p>
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<p>Example of Florida Homestead Law
George and Martha live on a one-acre lot in Tampa, Florida. The property is worth approximately $500,000.</p>
</blockquote>
<blockquote>
<p>The Constitution affords protection only to one-half acre lots in a city. The homestead protection would apply to 50% of the $500,000 value, or $250,000.</p>
</blockquote>
<blockquote>
<p>George and Martha may not survey the lot, allocate the protected portion to the physical dwelling, and then allocate the unprotected portion to the less valuable backyard. A creditor can record a judgment against the property and force its sale. The creditor would get $250,000 of the sale proceeds applied to its judgment.</p>
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