Homeowners’ Exemption California: How to save on property taxes

The California Homeowners Exemption is a tax savings program offered to owner-occupiers to reduce taxable value of property by $7000.
To qualify for this exemption, you must own a home and this home must be your principal place of residence.
To apply, check with your local county tax assessor’s office for the appropriate form. A link to Los Angeles County form is below
res.cloudinary.com/los-angele...
As always, should you need my assistance on any matter related to real estates, feel free to reach out by leaving a comment below or directly via phone, text, or e-mail.
Becky Park of Peninsula Realty Inc.
DRE 01404867
Direct: [phone]
E-Mail: [e-mail]
0:00 Intro
0:38 Homeowners’ Exemption in California
1:23 Qualifications
2:12 How to apply
#HomownersExemption #PropertyTax #RealEstateTax

[@alexandra626ify]

Wow, I’m so fortunate to reside in such a generous state! Buying a house for $1 million and being offered this opportunity to save $100 yearly! I’m at a loss of words!!?

[@jondeak]

Save 70 dollars a month on a 800K home.....This is the biggest joke of all time.

[@Lissalam82]

$70/mo would be great actually but it's not per month.

[@chindomnic8828]

Pathetic joke.

[@jayinla81]

When she said “save a little on taxes” she was not kidding. $70 annually is a joke. Actually insulting. I’m sure this regularion was put in place so the lawmakers and politicians really make out like bandits for a very hidden reason unbeknownst to the rest of us. 70 off annually for me is a whopping $5.83 off my monthly mortgage payment. What a slap on my bare ass!

[@mrb9502]

@@jayinla81 What's crazy is times are so bad that there are folks who would be excited about that $70.00.

[@Honeybee-Hedgehog-Designs]

It’s better than zero $$$

[@Honeybee-Hedgehog-Designs]

Thank you I will look into this

[@katc8500]

Thank you !😊

[@gregoryhydorn327]

Thank you!

[@CLeAnQUaRTeRz]

thank you for your videos! you are amazing!

[@brokerbecky8734]

Thank you for your generous compliment.

[@brujitacrafty]

Thank you for this information.

[@brokerbecky8734]

You're welcome. 😀

[@roxanekhaw8408]

Hi Becky, thank you so much for the video. It was super helpful. Can I still claim back for previous years?

[@yanflores5858]

Hello Becky nice video, I have a question, as owner it has to be done every year? and what happens if I apply after February 15... thank you

[@sunnindawg]

Good vid

[@brokerbecky8734]

Thank you.

[@erikarojas5560]

How can I appeal my property tax? What should I say in the hearing / court?

[@brokerbecky8734]

Most county has a form for you to complete and submit. Here is a link to Los Angeles County Assessment appeals board. lacaab.lacounty.gov/Home.aspx. Good luck.

[@spaceoddity2485]

I believe the $7000 homeowners tax credit is applied automatically. Because homesteading exemption has an automatic feature. So I’m not sure why you would make a video about this.? The actual advantage of filing your own written homeowners exemption is to give you a greater protection against creditors

[@brokerbecky8734]

Thanks for your comment but since the homeowners tax credit only applies to primary residence, once home is purchased, individuals need to complete a Homeowners' Property Tax Exemption Claim Form (BOE-266/ASSR-515) in order to received the credit. Check out the county assessor's website or board of equalization for more info.

[@Datacorrupter234]

just realized i will be paying 13,000$ in property taxes on a single family home i will inherit here in california..i dont even make 13,000 a year in total income 😂 wtf

[@Datacorrupter234]

its not 1% its more like 1.0-1.8% tax rate depending on the area in ca

[@deepsunthoughts5842]

Can I still do this if I bought my house in 2020?

[@brokerbecky8734]

Yes. Not sure if the county will have it be retroactive but will apply moving forward. Check with your county assessor's office. Good luck.

[@tonyskybravo3269]

😂😂😂😂

[@georgegale6084]

Cali is a joke compared to what others states provide their vets.