Homeowners’ Property Tax Exemption
California State Board of Equalization
From $70
A $7,000 reduction in taxable value for an owner-occupied principal residence.
What you could receive
$7,000 reduction in assessed value (about $70 at the 1% rate)
From $70 in potential benefit
Published range: $70 to not stated
The California Constitution provides a $7,000 reduction in taxable value for a qualifying owner-occupied home on the January 1 lien date. BOE says this generally equals about $70 at the 1% statewide rate, more if local bonds exceed 1%. File BOE-266 with the county assessor. This is not a cash payment.
Who may qualify
- The home must be owner-occupied as your principal residence.
- You must own the home.
Location / service area
Statewide in California
Important requirements
Purchase timing requirement is unclear. Confirm with the program administrator.
Timing / preapproval
Preapproval required
Last verified: Sep 6, 2026 · Confidence: High
Official sources
Eligibility is based on published program information and the details you provide. Program rules, funding and availability can change. Always confirm eligibility with the official program administrator.