Don't lose your home tax exemption

The Chronicle has a good reminder today to make sure you’re getting your homeowner’s property tax exemption on your tax bill.

“If you own a home in California and it’s your primary residence, check to make sure you are getting your homeowner’s exemption before paying your property tax bill this fall. The exemption takes $7,000 off the value of your primary residence, knocking $70 or a bit more off your property tax bill. You can claim the exemption on only one house.”

That may not seem like much on a $1M home, but every little bit helps, right? In San Francisco this year, the savings totals $79.80 (based on our tax rate of 1.14%).

Leave a Reply