Exemptions & Tax Savings
Please click below to receive information on the following topics:
ü Homeowner’s Exemption (exemption of $7,000*)
ü Exclusion For Seniors (Prop 60 and 90) (equal or lesser value of your current home may transfer old assessed value to the new home)
ü Institutional Exemptions (church, nonprofit, school, etc., full exemption*)
ü Real Estate Tax Deductions (10 most often overlooked tax deductions)
ü Veteran’s Exemption (exemption of $4,000*)
ü Disabled Veteran’s Exemption (exemption of $150,000*)
ü Builder’s Exclusion (new construction may be excluded from supplemental taxes)
ü Disaster Relief (you may be eligible for tax relief if property is damaged by fire, flooding, etc.)
ü Eminent Domain (Prop 3) (transfer assessed value to replacement property*)
ü Value Decline (Prop 8) (if market value is less than assessed you may qualify for relief)
ü Parent / Child (Prop 58) (excluded from reappraisal*)
ü Grandparent / Grandchild (Prop 193) (excluded from reappraisal*)
ü Exclusion Disabled (Prop 110) (equal or lesser value of your current home may transfer old assessed value to the new home)
ü Reverse Mortgages (how it works)
ü Seller Financing (how to reduce taxes and make more money when selling. A great way to provide monthly income and reduced capital gains taxes)
ü $250,000 or $500,000 tax exemption (how it works)
ü Charitable Donations (information on the tax benefits)
ü Holding Title (information on how to hold title that may save you lots of money)
ü Water and or Electric Conservation Plan (things to consider when implementing a Conservation Plan at your home)
Click Here To Learn More about Exemptions and Tax Deductions
