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Is there any limit on the value of the home excluded from calculation of eligibility?

April 26, 2017calculation eligibility excluded Home limit value

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Is there any limit on the value of the home excluded from calculation of eligibility?

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Yes. A home with a net equity (after deducting mortgage and other encumbrances) over $500,000 (some states, but not Arizona, increase that figure to as much as $750,000) will not be an exempt resource. For this calculation your home is valued at the County appraiser’s assessed valuation.