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California's New $600,000 Homestead Exemption for 2021

California's New $600,000 Homestead Exemption for 2021

If there's changes in California’s exemptions, here's where you'll find out about them.

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Updated: 2020-07-27 by

2021

Homestead

California has raised its homestead exemption, effective January 1, 2021, from $75,000 under existing law, to up to $600,000, for most Californians in urban areas.

In more rural counties the exemption may only be as much as $300,000.

The actual amount depends on the median sales price of a home in your county in the preceding calendar year, but can't be more than $600,000 or less than $300,000. 

Most California counties in urban areas have median home prices that are above $600,000 for the past several years. The actual amounts for 2021 for each county will not be known until the end of 2020.

 

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Connect With a California Bankruptcy Attorney

Enter Your Zip Code or Call (855) 410-1378 to Connect with a Lawyer In Your Area

Automatically apply the Kern County expense standards, and California income standards to your means test calculation.

ADVERTISEMENT

Connect With a California Bankruptcy Attorney

Enter Your Zip Code or Call (855) 410-1378 to Connect with a Lawyer In Your Area

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Connect With a California Bankruptcy Attorney

Enter Your Zip Code or Call (855) 410-1378 to Connect with a Lawyer In Your Area

Bakersfield, CA: Law