- New! 2021 Exemption CalculatorCalifornia Homestead Exemption
California residents saw a more generous homestead exemption, as of January 1, 2021, when the standard Homestead exemption increased from $75,000 to a range from $300,000 to $600,000 depending on your county.
LegalConsumer.com has added a California Exemption Calculator to help you quickly find what the exemption amount is in your county.
The new law states that the homestead exemption amount is based on:
- the median county-wide sale price for a home
- in the previous calendar year
- But not less than $300,000
- and not more than $600,000.
The California Homestead calculator shows you the 2020 overall median sales price for every county in California county based on available numbers from the California Realtors Association. Those numbers may change slightly when the official numbers are finalized for the year 2020. As of this update, Mar 1, 2020, the numbers you see in the calculator are based on the 12 month average of monthly median numbers for January 2020 through December 2020.
- California Homestead Exemption
- Federal Non-Bankruptcy Homestead Exemptions (available in every State)
- US Bankruptcy Code § 522(d) Homestead Exemption
California Homestead Exemption
$300,000 to $600,000 depending on county, and median sale price for a home in prior calendar year.
$300,000 to 600,000, depending on county
$300,000 to $600,000 depending on county
NOTE: Residency Requirement Caps Maximum Homestead at $160,375 if you've recently moved to a State that allows more than that
Under the 2005 bankruptcy law, you must be have lived in the state for at least 40 months (3 years + 4 months) before you can claim any homestead protection greater than $160,375. (If your state's exemption offers less than this amount, the law is irrelevant to you.) .
Federal Non-Bankruptcy Homestead Exemptions (available in every State)
These are exemptions under federal law, and not part of the bankruptcy code, so states cannot "opt out" from these exemptions.-
US Bankruptcy Code § 522(d) Homestead Exemption
Can a California debtor use the Federal Bankruptcy exemptions instead of California exemptions?
No. Federal exemptions not available. Instead, California has two systems of exemptions, one of which closely mirrors the federal scheme.
The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if
- you haven't lived in any state longer than 180 days for a while,
- if your state allows the Federal exemptions as a choice.
Home Valuation tool
Just add your street address to get an estimate of the value of your house, and all others in your neighborhood. (Note: Does not serve all areas, and valuations are imperfect estimates only.)