California BOE Issues Information Regarding Homeowners’ Property Tax Exemption

The California Board of Equalization March 4 issued a letter to county assessors regarding the homeowners’ property tax exemption. The letter includes that: 1) if the claimant is expected to return to the dwelling and doesn’t receive rent from any persons occupying the premises, being confined to a convalescent home or hospital doesn’t disqualify a person from receiving the exemption; 2) hospitalization lasting longer than one year might raise some doubt on the owner’s expected return; 3) a “family home” eligible for certain transfers between relatives refers to a dwelling qualified for tax exemptions due to ownership and residency; and ...