What is a homeowner’s exemption?  A homeowner’s exemption is just a property tax exemption.  The California state constitution provides for the exemption of up to $7,000 in assessed value from property tax assessment of any property owned and occupied as the owner’s principal place of residence.  This means that the exemption removes up to $70 from your annual property tax bill.  There’s no reason to forgo the benefit.

Watch today’s video to understand who qualifies for the tax exemption.  It’s important to note that the full exemption for the year is available if the form is filed by Feb 15th after that a date a percentage of the exemption is available for that year.