Homeowners’ Property Tax Exemption
by California State Board of Equalization
A $7,000 reduction in taxable value for an owner-occupied principal residence.
Potential tax credit
From $70
Per year
What you can get
$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.
Overview
A $7,000 reduction in taxable value for an owner-occupied principal residence.
Who may qualify
- The home must be owner-occupied as your principal residence.
- You must own the home.
Location / service area
Statewide in California
How to apply
Use the official application or program page. Confirm current instructions with the administrator before you apply.
Preapproval required
Important things to know
Last verified: Sep 6, 2026 · Confidence: High
Official sources
Not sure what you qualify for?
Check your eligibility. We’ll compare your answers with published program rules.
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.