What about things I own, such as a car?
You may have assets of up to $2,750. If at least one household member is 60 or older or disabled, $4,250 in assets is
allowed.
The following are examples of some items not counted toward your household's asset limit:
| • |
One home and the surrounding property (homestead) |
| • |
Income-producing property; and |
| • |
Personal effects, such as clothes, jewelry, furnishings, and household goods. Pets are not counted as a resource. |
However, the following are examples of some items which are counted towards your household's asset limit:
| • |
Some vehicles worth more than $4,650 (the first vehicle is exempt and other exemptions may apply for one
or more additional vehicles) |
| • |
Checking and savings accounts, certificates of deposits, stocks, and bonds. |
| • |
Recreational vehicles and property other than that listed above. |