California SB296 provides a property tax exemption for disabled veteran homeowners.

California SB296 adds a property tax exemption for disabled veteran homeowners. The exemption applies to 100% of the property's value if the veteran's household income does not exceed $83,474, adjusted for the relevant assessment year. For properties valued up to $1,000,000, the exemption is 50% of the property's value. The exemption is in lieu of other property tax exemptions and applies until January 1, 2032. The State Board of Equalization must report annually on the exemption's impact.

California SB296 provides a property tax exemption for disabled veteran homeowners.

California SB296 adds a property tax exemption for disabled veteran homeowners. The exemption applies to 100% of the property's value if the veteran's household income does not exceed $83,474, adjusted for the relevant assessment year. For properties valued up to $1,000,000, the exemption is 50% of the property's value. The exemption is in lieu of other property tax exemptions and applies until January 1, 2032. The State Board of Equalization must report annually on the exemption's impact.