Shel Yolane

California Homestead Exemption 2024. If you own and occupy your home as your principal place of residence, you may be eligible for an exemption of up to $7,000 off the property’s assessed value, resulting in a. In 2020, the exemption was $75,000 for a single homeowner, with a maximum of $175,000 for homeowners who met.

As explained in our blog post on the new california homestead exemption, a homestead exemption is a regulation that shields a homeowner’s principal residence. While the rules for homestead exemptions vary by state, here in california, we recently had an.