December 5, 2022, Arizona increased the state’s homestead exemption from $250,000 to $400,000, the exemption in bank accounts from $300 to $5,000, both the vehicle and household goods exemptions from $6,000 to $15,000, and the garnishment protection to 90% of disposable wages or 60 times the highest minimum wage in the state, whichever is greater.
Also, the homestead amount will be indexed for inflation each year, starting January 1, 2024. See Ariz. Rev. Stat. § 33-1101 (D)