I don’t know how 2 people got 3 homestead exemptions but that seems like something the local taxing authority could catch pretty easy.

As a result any “offering” must either be a registered securities offering, or qualify for an exemption from the required registration.

All companies must apply unless you meet a certain exemption.

I would get with the city asap and find out all the details on this.It could be possible that if the LLC changes hands that it loses it's exemption.

Quote from @Eli Fazzo: @Will Gaston for how many investment properties can you use this 25% exemption? 

Reality: still here, only a temporary increase in the exemption.- Plan: eliminate NIIT - Net Investment Income Tax.

The IRS has a regulation that amounts less than 15K are tax-exempt, of course, this requires you to file a tax return.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

As for your neighbors, they could have exemptions like Homestead, widow, military disability and many others that can reduce the amount of taxes.

PA used to not exempt from state tax.