Homestead Exemption In California In Orange
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FAQ
Homeowners' Exemption applications are not available on-line. This form is automatically mailed to new owners of single-family residential property by the Office of the Assessor. If you did not receive an application within 90 days of recording your deed, please call the Assessor's Exemptions Unit at (714) 834-3821.
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.
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.
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.
In 2024, the exemption ranges from a minimum of $349,720 to a maximum of $699,426, based on county median home sale prices. The increased number provides more substantial equity protection for homeowners, acknowledging the varying real estate values across the state.
Homeowners exemption reduces taxable value, decreasing annual property tax. Homestead exemption protects home equity from creditor claims and during bankruptcy.
Our bankruptcy attorney is a California State Bar Certified Bankruptcy Specialist with more than 25 years of experience. As of January 1, 2024, the new minimum homestead exemption is $349,720 and the new maximum is $699,426.
Obtain the claim form from the County Assessor's office where the property is located. Submit the completed form to the same office. Once the exemption has been granted, it remains effective until a change in eligibility occurs, such as selling or moving out of the home. Annual filing is not required.
