What is an exemption from property taxes?

An exemption from property taxes is a condition that eliminates the obligation to pay certain taxes on a certain property. In California, certain types of properties can be granted an exemption from property taxes. For example, properties owned by non-profit organizations, religious entities, and government entities may be exempt from property taxes in California. Additionally, California homeowners may be eligible for exemptions from property taxes if they meet certain criteria. This includes homeowners who are over the age of 55, disabled veterans, or those with severe disabilities. Additionally, property tax reductions may be available for those who meet particular income requirements. All these exemptions can help reduce property taxes and save homeowners money. The California State Board of Equalization is responsible for managing property tax exemptions, providing details on which properties are eligible for relief. This can help homeowners save money while still ensuring they are paying their taxes.

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