Is Zakat Due on One's Own Home?

Short answer: No. The home you live in, the car you drive, your furniture — personal-use assets carry no zakat regardless of value. Zakat falls on growing/trading wealth: cash, gold and silver, trade goods, livestock, crops. Details: The Prophet ﷺ said plainly: 'No sadaqah is due from a Muslim on his slave or his horse' (Sahih al-Bukhari 1464; Sahih Muslim 982) — the basis of the rule that personal-use property is outside zakat. Even a second house kept for family use (a village home, a holiday house) carries none; but rent it out and the accumulated rent is zakatable, or hold it for resale trade and its market value becomes zakatable (see the related fatwas). Evidence: Sahih al-Bukhari 1464; Sahih Muslim 982; the zakat-liability hadith (Bukhari 1454, 1483) never mention dwellings; scholarly consensus cited by Ibn Qudamah (al-Mughni), and the fatwas of Ibn Baz and al-Uthaymin. For complex individual cases, consult a qualified scholar.