Rules For Condo Owners In Santa Clara
Description
Form popularity
FAQ
The California Constitution provides a $7,000 reduction in the taxable value for a qualifying owner-occupied home. The home must have been the principal place of residence of the owner on the lien date, January 1st.
If you own and occupy your home as your principal place of residence, you may be eligible for an exemption of up to $7,000 off the dwelling's assessed value, resulting in a property tax savings of approximately $70 to $80 annually.
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.
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.
Property Tax-Aide features three California property tax relief programs: Property Tax Postponement, available for older residents, and Homeowner's Property Tax Exemption, available to all homeowners, and the Base Year Value Transfer for Homeowners at least Age 55 or Disabled (Proposition 19).
Countywide Property Tax 1% Allocation. Proposition 13, the property tax limitation initiative, was approved by California voters in 1978. It limits the property tax rate to one percent of assessed value plus the rate necessary to fund local voter-approved debt.
The assessed value of a property is limited to an increase no greater than 2% each year unless a change in ownership or new construction occurs. The 2% increase is originally applied to the base year value, and is thus referred to as the factored base year value.
While the maximum height for fences in Santa Clara is 6 feet, there are several exceptions to this rule. These exceptions include: – Fences can be up to 8 feet if the fence is located in the rear yard of a residential property and is used to screen a recreational facility, pool, or hot tub.
How do I qualify for the Homeowners' Exemption? To obtain the exemption for a property, you must be its owner or co-owner (or a purchaser named in a contract of sale), and you must live in the property as your principal place of residence. You must also file the appropriate exemption claim form with the Assessor.
Under California's Building Code, you must obtain a permit before building a fence that will be over 6 feet tall unless the top 2 feet of the fence will be barbed wire. For a front yard fence, the maximum height is 42 inches. For a backyard fence, the maximum height is 72 inches.
