How can I reduce my property tax bill?

Reducing your property tax bill in California is possible, but it requires careful planning and research. First, you should look up your property’s tax assessment to find out how much you are being taxed for. If the assessment is too high, you can object to it by filing an appeal with the county assessor. You can also request a review of your property’s assessed value if you believe that it is too high. You may be eligible for exemptions or reductions of your property tax bill. Exemptions include homestead exemptions, disabled veterans’ exemptions, and blind exempts. You can also check for tax credits, such as the California Senior Citizens’ Property Tax Postponement Program, which allows eligible taxpayers to postpone property taxes. Finally, you can reduce your property taxes by taking advantage of the California Property Tax Reduction Program, known as Proposition 13. Proposition 13 caps the amount of property taxes you pay to no more than 1% of the property’s assessed value. You can also apply for a transfer of assessment and benefits from one property to another, which could potentially lower your taxes. These are just a few strategies for reducing your property tax bill in California. It is important to do your research and understand the local and state taxes and regulations related to property taxation. You should also contact your county assessor to learn more about exemptions, credits, and other options available to you.

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How can I reduce my property tax bill?

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