To claim the exemption, the homeowner must make a one-time filing with the county assessor where the property is located. As of January 1, 2021, the California homestead exemption is a minimum of 300,000 dollars, but can be as high as 600,000 dollars.Complete form BOE-266, Claim for Homeowners'. Property Tax Exemption. The County Assessor administers the homeowner tax exemption program, which allows homeowners to claim a. The Homestead Exemption is a crucial safeguard for California homeowners, providing a layer of financial protection against creditors. The Homestead Benefit program provides property tax relief to eligible homeowners. Space-A Travel Eligibility (from DODI 4515.13). Home energy tax credits.