What are the common exemptions to property tax?

Property tax is a tax levied by state and local governments on the ownership of real estate, including homes and businesses. In California, exemptions to property tax are common and may be applied for to lower or even eliminate the amount of tax owed. Common exemptions may include exemptions for veterans, blind persons, seniors, and persons afflicted with certain physical or mental disabilities. Additionally, property tax exemptions may be available to persons suffering financial hardship or to property owners who can show that their property is used for agricultural or low-income housing. Property tax exemptions may also be available for homeowners who are enrolled in a home improvement program, or for public safety personnel who live in their own home. Religious or educational organizations may also be eligible for property tax exemptions. Property tax exemptions may also be available to persons who place their property in a trust or to persons residing in a retirement home. The California Constitution also allows taxpayers to apply for certain exemptions based on the level of their income. Finally, the National Guard and military personnel may be eligible for property tax exemptions. Eligible personnel can apply for an exemption that would reduce the amount of property tax owed. It is important for taxpayers to contact their local county assessor to determine the specific amount of any property tax exemption for which they may qualify.

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What are the common exemptions to property tax?

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