Exemptions in Arizona have recently changed.
Proposition 209, passed by Arizona voters, substantially increased the following exemptions:
(1) Homestead exemption from $250,000 to $400,000;
(2) Household furnishings exemption from $6,000 to $15,000;
(3) Vehicle exemption from $6,000 to $15,000 (and in cases where the debtor or the debtor’s dependent has a physical disability, from $12,000 to $25,000); and
(4) Deposit account exemption from $300 to $5,000.
The disposable earnings subject to debt collection also changed to 10%, or 60 times the minimum wage, whichever is less.
All of the above exemptions are subject to yearly adjustments for cost of living. These changes were codified in A.R.S. § 33-1101 on December 5, 2022.
