The protected amount is called the “homestead exemption.” All homeowners automatically have a homeowner's exemption, which protects part of their equity from involuntary sales (foreclosures). Recording a declaration of ownership extends this protection to voluntary sales.
Senior Tax Exemptions in California The Senior Citizen Homeowners' Property Tax Exemption is available to homeowners who are at least 65 years old and meet certain income requirements.
This exemption is available to a single homeowner age 65 or older, or a couple filing a joint petition, if either or both are age 65 or over.
California offers a senior income tax exemption in addition to its personal exemption. More specifically, seniors receive an extra benefit that allows them to double the standard exemption. For the 2024 tax year, California increased the personal exemptions for all filing statuses.
In some instances, Qualified School District Special Taxes may qualify for one of the following exemptions: Persons who are 65 years of age or older. Persons receiving Supplemental Security Income for a disability, regardless of age.
You must occupy the dwelling as your principal residence as of January 1 of each year to qualify for the Homeowners' Exemption for that year.
Complete form BOE-266, Claim for Homeowners' Property Tax Exemption. Obtain the claim form from the County Assessor's office where the property is located. Submit the completed form to the same office.
New property owners will usually receive an exemption application enclosed with their notice of supplemental assessment, approximately 90 to 120 days after the deed is recorded. If you acquired the property more than 120 days ago, and have not received an application, please call (925) 313-7481 for an application. 9.
The home must have been the principal place of residence of the owner on the lien date, January 1st. To claim the exemption, the homeowner must make a one-time filing with the county assessor where the property is located.