California Governor Signs Law Making Changes to Property Tax Refund Procedures

The California Governor signed a law that makes changes concerning property tax refunds. The law includes: 1) allowing refunds to be paid without the taxpayer filing a claim when a refund is due to the disabled veterans’ exemption from property tax or when the refund is due to another exemption from property tax that would not exist but for the assessee or qualifying occupant of the property meeting the requirements for an exemption, and the refund is less than $10,000; and 2) increasing to $10,000 the threshold for automatic refunds due to value reductions, roll corrections, cancellations, and when the ...