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.
Maximum California homestead exemption adjusted for CPI (by year) YearMinimumMaximum 2023 $339,189.00 $678,378.01 2024 $349,712.99 $699,425.98 2025 $361,110.12 $722,220.23 2026 2 more rows •
Homestead exemption applicants must submit a copy of Texas Driver License (Texas ID for non licensed drivers) Applicants must affirm no other Homestead is claimed in or outside of Texas.
The homestead exemption — the amount of home equity that can be shielded from creditors in a Chapter 7 or Chapter 13 — is typically a minimum of $300,000 and a maximum of $699,426 as of January 1, 2024.
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.
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.
To qualify, you must be a property owner, co-owner, or purchaser named in a contract of sale. You must occupy your home as your principal place of residence as of January 1 of each year.
To claim the exemption, the homeowner must make a one-time filing with the county assessor where the property is located. The claim form, BOE-266, Claim for Homeowners' Property Tax Exemption, is available from the county assessor.
California Homestead Exemption and Bankruptcy Using the revised exemption for 2021, a debtor may have $600,000 of equity in their Los Angeles or Orange County home and still file a Chapter 7 bankruptcy with their home being protected. The homestead exemption in Riverside County is $400,500.