Code of Civil Procedure § 704.730

Amount of homestead exemption

(a) The amount of the homestead exemption is the greater of the following:

(1) The countywide median sale price for a single-family home in the calendar year prior to the calendar year in which the judgment debtor claims the exemption, not to exceed six hundred thousand dollars ($600,000).

(2) Three hundred thousand dollars ($300,000).

(b) The amounts specified in this section shall adjust annually for inflation, beginning on January 1, 2022, based on the change in the annual California Consumer Price Index for All Urban Consumers for the prior fiscal year, published by the Department of Industrial Relations.

History

Added Stats 1982 ch 1364 § 2, operative July 1, 1983. Amended Stats 1984 ch 454 § 1; Stats 1986 ch 1000 § 1, ch 1001 § 1; Stats 1988 ch 1168 § 1; Stats 1990 ch 155 § 1 (AB 2562); Stats 1997 ch 82 § 1 (AB 451); Stats 2003 ch 64 § 1 (SB 804); Stats 2009 ch 499 § 2 (AB 1046), effective January 1, 2010; Stats 2012 ch 678 § 3 (AB 929), effective January 1, 2013; Stats 2020 ch 94 § 1 (AB 1885), effective January 1, 2021.

CCP 704.730