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How claiming California's homeowners' exemption can save you money

The deadline to claim the full exemption is Thursday, February 15. Here's what you need to know.

SAN DIEGO — Are you a San Diego County homeowner? You may be missing out on a small tax break that could save you about $70 and is available to most homeowners across California.

No matter which county you reside in, if you own your home and live in it, you qualify. 

Here’s what you need to know about the homeowners' exemption and how much you could be saving.

February 15 deadline

CBS 8 is Working for You and sat down with San Diego County Accessor Jordan Marks who said his office will accept your application via email up to the Feb. 15 deadline.

Normally, the application is sent and received via mail.

You can also apply in person at the Downtown San Diego location office at 1600 Pacific Highway, Suite 103.

You can still apply late from Feb. 16 through Dec. 10, but you'll receive a reduced exemption, approximately $56. 

Late-filed exemptions will receive the full amount after the first of the year.

To file, you apply by mail, by filling out appropriate forms and mailing to the San Diego County Accessor. 

For more information click here.

Homeowners' exemption

The homeowners’ exemption is a reduction in taxes for declaring that your property is your home.

How much does it save you?

According to San Diego County Assessor Jordan Marks, the exemption saves you about $70 off of your annual property tax bill.

The exemption was established in 1974, and Marks said the exemption hasn't increased along with the prices of homes. Jordan is looking into an initiative to increase the homeowners' exemption amount. 

"Expanding the homeowners' exemption to match the cost of living today to give homeowners that intended affordability opportunity," Marks said.

The initiative would require a voter-approved constitutional amendment. 

How do I know if I claim the exemption?

Visit the county accessor's website or call  (619) 531-5772.

Here's how to check your bill to see if you're enrolled.

Credit: CBS 8

How many people claim this exemption?

According to the county, only about 50% of San Diego County homeowners claim the homeowners' exemption. 

Do I have to renew annually?

No, once you're in the program, it renews every year.

WATCH RELATED: Why are homeowner's insurance rates going up in California?

At CBS 8, we are always Working for You and our community. This is a station promise that we will go the extra mile to solve a problem our audience can’t solve themselves. We want to hear your ideas on how we can cover and help our community. If you have a story idea, please email us at workingforyou@cbs8.com.

    

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