California Homestead Exemption 2024 Calculator. Veterans exemption the veterans' exemption provides exemption of property. The homeowners' exemption allows an owner to reduce property tax liability on a dwelling which is occupied as the owner's principal place of residence as of 12:01 a.m.
In 2024, the exemption ranges from a minimum of $349,720 to a maximum of $699,426, based on county median home sale prices. A homestead exemption is an exemption that removes all or a portion of value from your residence homestead as authorized by the state or adopted by a local taxing unit.