A property tax exemption reduces or eliminates a property's taxable value, lowering the amount of property tax owed. Exemptions are typically offered to specific groups, such as homeowners, veterans, or non-profit organizations, and may be partial or full, depending on eligibility criteria set by local or state governments.
Decline in value, disaster relief and property tax postponement.
The Assessor is required to assess the property at its current market value when a change in ownership occurs or new construction is completed. This usually results in an increase in property taxes. However, there are some change-in-ownership and new construction events that are excluded from reassessment.
Real property sold or transferred between parents and their children, under limited circumstances, will not be reassessed.
Real property sold or transferred from grandparent to grandchild, under limited circumstances, will not be reassessed.
Under certain conditions, persons aged 55 and older may transfer the Prop. 13 base year value of their principal residence to a replacement residence.
Under certain conditions, persons who are severely and permanently disabled may transfer the Prop 13 base year value of their principal residence to a replacement residence.
With some exceptions, properties with assessed values of $10,000 or less are exempt from taxation under County Ordinance No. 3565.
