May 12, 2021, Washington State updated it’s homestead law. The homestead was increased from $125,000 to the median value of a single family home located in that county. This means that in 2022 individuals and their family can protect the net value of their home up to $838,600 in King County! In Pierce County, the amount that you can protect is $508,300. In both cases, those amounts protect a median valued home in those particular counties based upon the values of the previous year. Check out your county exemption below.
State of Washington and Counties Homestead Exemptions for 2022:
Adams | $257,900 |
Asotin | $250,800 |
Benton | $378,200 |
Chelan | $502,800 |
Clallam | $420,600 |
Clark | $481,600 |
Columbia | $256,200 |
Cowlitz | $362,100 |
Douglas | $450,000 |
Ferry | $229,200 |
Franklin | $378,200 |
Garfield | $250,800 |
Grant | $311,700 |
Grays Harbor | $309,900 |
Island | $532,500 |
Jefferson | $569,400 |
King | $838,300 |
Kitsap | $497,500 |
Kittitas | $485,400 |
Klickitat | $399,100 |
Lewis | $364,300 |
Lincoln | $215,600 |
Mason | $378,300 |
Okanogan | $309,000 |
Pacific | $303,100 |
Pend Oreille | $289,400 |
Pierce | $508,300 |
San Juan | $887,500 |
Skagit | $499,500 |
Skamania | $400,000 |
Snohomish | $676,900 |
Spokane | $390,200 |
Stevens | $289,400 |
Thurston | $460,500 |
Wahkiakum | $393,700 |
Walla Walla | $376,400 |
Whatcom | $547,400 |
Whitman | $355,900 |
Yakima | $327,200 |
Washington Center for Real Estate Research / University of Washington
A Chapter 7, Chapter 11, or a Chapter 13 Bankruptcy may be just the thing you should be looking at to eliminate your debt while saving your family home.
Call 253-631-6484 to talk to your Homestead Bankruptcy Attorney today.
We can make your life easier and less stressful. I guarantee it.
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