YOUR PROPERTY TAX BILL MIGHT BE ABOUT $70 TOO HIGH
It's surprising how many homeowners in California are missing out on a straightforward tax break—the homeowners' exemption. This exemption applies to all homeowners who live in their own homes, regardless of the county they reside in. While it might seem like a small amount, saving about $70 to $80 per year can add up over time.
In the Bay Area alone, a significant number of homeowners are not taking advantage of this exemption. For instance, in Santa Clara County, approximately 243,000 homeowners claim the exemption, but around 210,000 are not. Similar data was shared by San Francisco's assessor, indicating a substantial number of homeowners in the region are missing out on potential savings. It's essential for homeowners to check if they qualify for the homeowners' exemption and ensure they are taking advantage of all available tax benefits.
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