Disabled Veterans Property Exemption Update in CA
The Disabled Veterans’ Exemption provides an exemption of $100,000 (basic exemption) for property that constitutes the principal place of residence of a veteran. This exemption also applies to the principal place of residence of the unmarried surviving spouse of a veteran who, due to injury or disease incurred in military service, is:
- Blind in both eyes.
- Has lost two or more limbs.
- Is totally disabled.
CA Disabled Veterans Exemption Summary
The following details pertain to anyone qualified for the newly updated exemption in the state of California:
- The $100,000 basic exemption increases to $150,000 (low-income exemption) if the household income for the prior year did not exceed $40,000, as adjusted for the relevant assessment year.
- Once granted, the basic exemption remains in effect until terminated without any subsequent filing.
- Annual filing is required for any year in which a low-income exemption is claimed.
- No other property tax exemption may be granted to a residence that has been granted a Disabled Veterans’ Exemption. However, if two or more qualified veterans own a property in which they reside, each is entitled to the Disabled Veterans’ Exemption to the extent of their interest.
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