If you own a residential property as your primary residence, you can file a Homestead Declaration with the County’s Registrar-Recorder’s Office. Previously, homestead exemption amount was $75,000-$175,000. Effective January 1, 2021, homestead exemption has increased to 💵 $300,000 – $600,000 💵 , and will increase each year according to the consumer price index.
The equity you have under the Homestead Exemption is protected from debtors 🏡. Filing is easy; contact the County Registrar-Recorder’s office where the property is located for questions, forms and filing procedures 📩.
For your free real estate consultation in Palos Verdes & South Bay, contact Stephen Haw at (310) 503-9886. DRE# 00808646. Keller Williams Palos Verdes Realty.
Call 310.503.9886 or email skh8828(at)gmail(dotted)com for professional guidance from The Stephen Haw Group, your local experts with international connections.