When Buying Real Estate, Apply for Homeowner’s Exemption
JoJo on May 2nd 2007
Homeowner’s Exemption - Have You Applied?
I was just advising a client who was buying Orange County real estate to watch out for the California Homeowners’ Exemption form in the mail. This is sometimes overlooked and not filed with the County Assessor’s Office, which will result in paying more property taxes than you need to! I don’t know about you, but I don’t like paying more taxes than I have to!!!
What is Homeowners’s Exemption? It reduces your assessed “taxable value” by $7,000. This will save you real $$$ off your property taxes annually! You may qualify if:
- You own the property
- The property is your primary residence
- You don’t alrready have a Homeowners’ Exemption
- You submit a completed application
If you aren’t sure if you’ve filed your exemption already, just call or email me (provide name and address on title and a contact number). I’d be happy to check on your status for you.
To find out more information about Homeowner’s Exemption, visit the Orange County California Assessor’s Office website at http://www.ocgov.com/assessor/exemption2.asp
