Exemptions

Property tax exemptions are granted to help minimize the burden on taxpayers. In addition to exempting personal household property and business inventories, state law provides homeowners who live in their homes with a $7,000 reduction in taxable value. Qualifying homeowners file a one-time exemption with their respective county assessors to claim the homeowner’s exemption. California law also provides qualifying disabled veterans with a basic $100,000 exemption on a principal residence and up to $150,000 under certain conditions.