State Of Washington Homestead Exemption Laws

The State of Washington Homestead Exemption Act divides included property into two categories: $40,000 for real estate interests, or $15,000 of personal property claimed as a primary residence. Also note, that a mobile home and manufactured housing, if permanently affixed to land, becomes part of the land and is indivisible for purposes of partitioning values. If filing bankruptcy, the state legislature choose to be an opt-in state under the Bankruptcy Code, that is, the state permits residents to choose alternatively between either the state exemption list or the federal exemption that provides for a homestead exemption of up to $18,500, without a deduction penalty for mobile homes.

Washington homestead exemption law also provides a rather unique exception to value limitation. For purposes of recovering state income tax assessments, the homestead exemption value is waived if the state attaches retirement funds.