Washington State’s Homestead Exemption – Providing More Protection to Small Business Owners and Families

Washington State Homestead Exemption Updated – Now Median Value of a Home is Fully Protected

Christina Henry and Northwest Consumer Law Center (NWCLC) have teamed up to expand Washington State’s Homestead Exemption. The previous statute provides only $125,000 in protection for families and homeowners. With home prices rising so very quickly, it was easy for a family to be left in the cold. We have fixed this problem as of May 12, 2021 with SB5408 getting signed into law.

How Much Equity Can I Protect?

Since the value is calculated by County Median Value for the Previous Year, we need a chart. We have put one together for you:

MEDIAN HOME PRICES

State of Washington and Counties for 2020 (the amount of equity you can protect in 2021):

County

Adams $216,900
Asotin $216,900
Benton $329,500
Chelan $418,600
Clallam $352,600
Clark $403,700
Columbia $214,700
Cowlitz $307,500
Douglas $373,200
Ferry $172,900
Franklin $329,500
Garfield $216,900
Grant $258,500
GraysHarbor $251,100
Island $442,700
Jefferson $455,900
King $729,600
Kitsap $425,100
Kittitas $411,000
Klickitat $370,800
Lewis $304,100
Lincoln $202,100
Mason $319,600
Okanogan $254,500
Pacific $234,300
Pend $242,000
Pierce $424,300
SanJuan $694,800
Skagit $421,800
Skamania $340,500
Snohomish $549,400
Spokane $318,200
Stevens $242,000
Thurston $383,600
Wahkiakum $313,900
WallaWalla $305,500
Whatcom $444,400
Whitman $291,300
Yakima $281,500
Statewide $452,400

Washington Center for Real Estate Research / University of Washington

If you have any questions feel free to reach out to me. I would be happy to answer them

Mark McClure
Email Contact Click Here
Phone: 253-631-6484

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