- Tax Savings Programs
Tax Savings Programs
If you own a home and occupy it as your principle place of residence on January 1, you may apply for an exemption of $7,000 off your assessed value. A homeowner's exemption may also apply to the supplemental assessment if it was not previously applied to the regular assessment.
Property used exclusively as a church, place of religion, college, cemetery, museum, school, or library qualifies for an exemption. Most properties owned and used exclusively by a nonprofit religious, charitable, scientific, or hospital corporations are also eligible for exemptions.
If you are a veteran and are rated 100% disabled, blind, or paraplegic due to a service-connected disability while in the armed forces, or if you are the unmarried widow of such a veteran, you may be eligible for an exemption of up to $189,571 from the assessed value of your home.
Please note: You cannot qualify for both a homeowner's exemption and a disabled veteran's exemption.
Property Tax Reimbursement (Currently Suspended)
If you are blind, disabled, or at least 62 years old and meet the annual household income guidelines, you may qualify to participate in the Homeowner Assistance program. This program provides cash reimbursement for a portion of the property taxes on your home. The filing period for this program is from July 2 through October 15. Call the Franchise Tax Board at (800) 852-5711 for more information.
Property Tax Postponement (Currently Suspended)
If you are blind, disabled, or at least 62 years old and meet the annual household income guidelines, you may qualify for the Property Tax Postponement program. The postponed taxes are a lien on the home and become due (with interest) upon moving, selling the home, or death. The filing period for this program is from May 15 through December 10. For details, call the state controller's office at (800) 952-5661.
Reappraisal Exclusion for Seniors
Homeowners who are at least 55 years of age can buy a residence of equal or lesser value than their existing homes and transfer their current tax value to the new homes. Applications are available at the assessor's office.
Reappraisal Exclusion for Parent / Child & Grandparent / Grandchild Transfers
Property transferred between parents and children or grandparents and grandchildren is not reappraised if certain conditions are met and a claim is filed with the assessor's office.
Reappraisal Exclusion for Builders
Completed new construction of property held only for resale purposes can be exempted from payment of supplemental taxes. To be granted this exclusion, you must submit a letter to the Assessor's Office requesting the exclusion within 30 days of the start of construction on either land development and/or improvements.