Homestead Exemption In Wv In Riverside
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Effective July 1, 2024, all business and inventory ad valorem property tax on tangible personal property is repealed.
Property owners must be at least 65 years old, on or before, June 30 of the next calendar year.
As of January 1, 2024, the new minimum homestead exemption is $349,720 and the new maximum is $699,426. For Riverside County, the 2024 homestead exemption is $612,000. For San Bernardino County, the 2024 homestead exemption is $475,000.
Homeowners over age 65, disabled, or legally blind can qualify for an exemption on the “first $50,000 in Fair Market Value” of their primary residence. A variety of tax exemptions are available for the elderly, disabled and veterans.
