Photo by Amir Zee | Lafayette bldg. exterior 2017 |
The Assessor's Office estimates that nearly 400,000 homeowners are still eligible but fail to take advantage of these savings. This exemption can be especially beneficial to low-income homeowners and people on fixed incomes.
While $70 may seem inconsequential to some, over a 10-year period, it amounts to $700 – roughly the price of a new water heater. The Assessor also warns residents against fraudsters who offer to file an exemption for a fee. There is no filing fee, and no need to re-apply once qualified and Assessor's office is happy to help homeowners with the process. For additional information,
please visit the LA Assessor’s website If you own a home and it is your principal place of residence on January 1, you may apply for an exemption of $7,000 from your assessed value. New property owners will automatically receive a Claim For Homeowners' Property Tax Exemption. Homeowners’ Exemptions may also apply to a supplemental assessment if the prior owner did not claim the exemption. Further instructions are included with the claim form. Call 213.974-3211 or 1.888.807.2111 for forms and additional information.
This information is not intended as a complete guide regarding property tax laws. The information here has been derived in part from written and oral opinions from the California State Board of Equalization.
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