Property Ownership
In California, what is the maximum homestead exemption available to a qualified homeowner as of January 1, 2021?
A$75,000
B$175,000
C$300,000 to $600,000 depending on county median home price✓ Correct
D$500,000 flat for all homeowners
Explanation
AB 1885 (2020) increased California's homestead exemption to between $300,000 and $600,000, based on the median sale price of homes in the county, adjusting annually for inflation.
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