Washington passed a bill amending the amount of the state’s homestead exemption. Under the bill, the homestead exemption is now the greater of $125,000 or the county median sale price for a single-family home in the preceding calendar year. Previously the homestead exemption was the lesser of $125,000 or the total net value of the lands, manufactured homes, mobile home, improvements, and other personal property. The bill went into effect May 12, 2021.
See Washington State Legislature website for the full text of the Statute: http://lawfilesext.leg.wa.gov/biennium/2021-22/Pdf/Bills/Session%20Laws/Senate/5408-S.SL.pdf?q=20210520130131
