New York A06390 increases the value of homesteads exempt from civil judgments from $150,000 to $250,000.

New York A06390 amends the civil practice law and rules to increase the value of homesteads exempt from civil judgments. The exemption now covers properties up to $250,000 for certain counties and $125,000 for others, with $75,000 for the remaining counties. This change applies to various types of property, including land, cooperative apartment shares, condominium units, and mobile homes. The exemption does not apply to taxation or non-payment of taxes. The bill takes effect immediately.

New York A06390 increases the value of homesteads exempt from civil judgments from $150,000 to $250,000.

New York A06390 amends the civil practice law and rules to increase the value of homesteads exempt from civil judgments. The exemption now covers properties up to $250,000 for certain counties and $125,000 for others, with $75,000 for the remaining counties. This change applies to various types of property, including land, cooperative apartment shares, condominium units, and mobile homes. The exemption does not apply to taxation or non-payment of taxes. The bill takes effect immediately.