4 ms·
Interestingly California has a homestead exemption but it's a joke (capped at $70).
by diego 10y ago
Interestingly California has a homestead exemption but it's a joke (capped at $70).
- malyk 10y agoOakland has a $7000 homestead exception. It actually just takes $7000 off the "value" of the property for taxation purposes. https://www.acgov.org/assessor/decreasetax/exemptions/homeowner-exemption.htm https://www.acgov.org/assessor/decreasetax/exemptions/homeow...
- diego 10y agoRight, I live in Oakland. This is a state exemption. In other parts of the state it may be meaningful, but if you (like me) bought property in the Bay Area in the current millennium then it's insignificant.