Increases the value of homesteads exempt from civil judgments in New York State.

This bill amends the civil practice law and rules to increase the value of homesteads exempt from civil judgments. Specifically, it raises the exemption limit from $150,000 to $250,000 for certain counties, $125,000 for other counties, and $75,000 for the remaining counties. The exemption applies to a principal residence, shares in a cooperative apartment corporation, condominium units, or a mobile home. The exemption does not apply to tax liens or non-payment of taxes. The bill takes effect immediately.

Increases the value of homesteads exempt from civil judgments in New York State.

This bill amends the civil practice law and rules to increase the value of homesteads exempt from civil judgments. Specifically, it raises the exemption limit from $150,000 to $250,000 for certain counties, $125,000 for other counties, and $75,000 for the remaining counties. The exemption applies to a principal residence, shares in a cooperative apartment corporation, condominium units, or a mobile home. The exemption does not apply to tax liens or non-payment of taxes. The bill takes effect immediately.