Arizona's homestead exemption protects up to:
Correct Answer
D) $400,000
Under ARS 33-1101 as amended by voter-approved Proposition 209 (effective Dec 5, 2022 / Jan 1, 2023), Arizona's homestead exemption protects up to $400,000 of equity, with annual COLA adjustments thereafter.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
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