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Property Tax Savings Programs for Homeowners
Facts that May Save You $$$ on Your Property Taxes

REVIEW DUE TO DECLINE IN VALUE - PROPOSITION 8

If you feel your property has suffered a decline in value; that is, the current market (saleable) value of your property has fallen below the current assessed value as shown on the assessment roll, you may request a "Prop 8" decline in value "free" reassessment by the County Assessor. Call, write or visit
the Assessor's district office nearest you.

Application for Decline in Value Reassessment (Proposition 8)
 

EXEMPTIONS

• Homeowners' Exemption
  If you owned and occupied your home or mobile home as your principal place of residence on January 1, and apply by February15, you may be eligible for an exemption up to $7,000 of your assessed value. A homeowner may apply for a partial exemption of $5,600 until December 10 with a full exemption thereafter.

• Disabled Veterans
  If you are a veteran who is rated 100% disabled, blind or a paraplegic due to a service connected disability (or if you are the unmarried widow of such a veteran), you may be eligible for an exemption up to $150,000 of the assessed value of your home.

EXCLUSIONS

• Appraisal Exclusion for Seniors
  Senior citizens 55 years of age (in the case of married couples, only one spouse must be 55 years or older) can buy a residence and transfer their current assessed value to the new home if the new residence is of equal or lesser market value. This prevents a tax increase due to reappraisal of the new home. Both sale and replacement residence must be in San Bernardino County.

• Parent to Child Exclusion
  The transfer of the principal place of residence and /or the first $1,000,000 of other real property between parents and children can be excluded from reassessment if a proper application is filed. This will exclude the parent to child transfer (or vice versa) from being reassessed. This can also apply for grandparent to grandchild transfers provided the middle parents are deceased.

DISASTER TAX RELIEF

• If a calamity strikes your property resulting in $10,000 or more in damages, you may be
  eligible for property tax relief. To qualify, you must file a damage claim within twelve (12)
  months from the date the property was damaged. For more information, call, write or visit the Assessor's district office nearest you.