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This measure provides reassessment exemptions to all homeowners over the age of 55 moving within the state, for a total of three lifetime moves, financed by narrowing Proposition 58 and Proposition 193 to solely inherited primary residences or farms, with an inflation-adjusted exemption cap of $1 million in market value at the time of death ...
The California Association of Realtors previously sponsored and financed an initiative measure known as 2018 California Proposition 5 on the November 2018 ballot that would have further expanded Proposition 13 property tax breaks for certain homeowners (primarily homeowners over age 55) by allowing them to transfer their lower property tax base ...
The homestead exemption reduces property tax or protects the homeowner or their heirs from having their home seized. The Homestead Act was legislation signed by President Abraham Lincoln in 1863.
Hence, in San Francisco only construction older than 1979 can be rent controlled, and older than 1980 in Oakland and Berkeley, the years those cities passed their rent control laws. [48] [49] In the City of Los Angeles, the date is October, 1978. [50] [51] These exemptions, however, may leave most of a city's total rental stock under rent control.
An estimated 700,000 pool heaters in Southern California will have to switch to electric from gas under the South Coast AQMD's new rule. (Ricardo DeAratanha / Los Angeles Times)
San Juan County officials say property tax exemptions will be granted to qualified applicants on the spot at the April 2 event in Aztec.
The Property Tax Exemption is a legislatively referred constitutional amendment that would permit the home of a person (or their spouse) to be exempted from property taxes if that person died while on active military duty from a service-connected injury or disease. Existing law provides a property tax exemption for the home of a 100% disabled ...
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