Editing Homestead exemption (section)

==Immunity from forced sale==
Different jurisdictions provide different degrees of protection under homestead exemption laws. Some protect only property up to a certain value, and others have acreage limitations. If a homestead exceeds the limits, creditors may still force the sale, but the homesteader may keep a certain amount of the proceeds of the sale.

[[California]] provides a homestead exemption of between $300,000 and $600,000, no greater than the amount of the prior year countywide median sale price of a single-family home, both values adjusted annually for inflation,<ref>[https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP&sectionNum=704.730. ''Cal. Code Civ. Proc.'' §704.730] (2024). Retrieved 23 June 2024.</ref> as a result of legislation enacted in 2023.<ref>[https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240AB1756 Cal. AB 1756, 2023-2024 Session]. Retrieved 23 June 2024.</ref>

[[Texas]], [[Florida]], [[Iowa]], [[South Dakota]], [[Kansas]], and [[Oklahoma]] have some of the broadest homestead protections in the United States in terms of the value of property that can be protected.

Texas's homestead exemption has no dollar value limit and has a {{convert|10|acre|ha|abbr=off}} exemption limit for homesteads inside of a municipality ([[urban homestead]]) and {{convert|100|acre|ha|abbr=off}} for those outside of a municipality (rural homestead). The rural acre allotment is doubled for a family: {{convert|200|acre|ha|abbr=off}} can be shielded from creditors in Texas for a rural homestead.<ref>{{cite web
  | last = Beyer
  | first = Gerry W.
  | author2 = Katharine L. Smith
  | author3 = Jennifer A. Owens
  | title = The Basics of Texas Homestead Law
  | publisher = Gerry W. Beyer, Texas Tech University School of Law, www.professorbeyer.com
  | year = 2010
  | url = http://www.professorbeyer.com/Articles/Homestead.htm
  | access-date = January 6, 2011
  | archive-date = December 21, 2010
  | archive-url = https://web.archive.org/web/20101221091158/http://professorbeyer.com/Articles/Homestead.htm
  | url-status = dead
  }}</ref>

In Kansas and Oklahoma, exemptions protect {{convert|160|acre|ha|abbr=off}} of land of any value outside of a municipality's corporate limits and {{convert|1|acre|ha|abbr=off}} of land of any value within a municipality's corporate limits. Most homestead exemptions cover the land including [[fixture (property law)|fixtures]] and improvements to it, such as buildings, timber, and landscaping.

[[Nevada]] exempts $605,000 in equity from sale on execution, but for homesteads for which [[allodial title]] has been established and not relinquished, the exemption extends to all equity in the homestead.<ref>{{cite web |url=https://www.leg.state.nv.us/NRS/NRS-115.html |title=NRS 115.010 |access-date=2020-01-14}}</ref>

[[New Mexico]] has a $150,000 exemption. [[Alaska]] has a $54,000 exemption.

[[Colorado]] has a $200,000 exemption, or $250,000 for people who are over 60 or disabled.<ref>See CRSA 38-41-201.</ref>

In most states, the real dollar value of "protection" provided by the laws has diminished, as exemption dollar amounts are seldom adjusted for inflation. The protective intent of such laws, with some notable exceptions like those stated above, has been eroded in most states.{{cn|date=December 2024}}