Appraisals for insurance claims of personal property Forms for Contra Costa
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FAQ
Proposition 58, Proposition 193 and Proposition 13 allow a parent or grandparent to transfer their current tax-basis to their children or grandchildren. The benefits can apply to a gift, sale or hybrid of the two and can amount to enormous property tax savings.
The claim form, BOE-266, Claim for Homeowners' Property Tax Exemption, is available from the county assessor. A person filing for the first time on a property may file anytime after the property or claimant becomes eligible, but no later than February 15 to receive the full exemption for that year.
What is the tax rate on personal property? Throughout California, the property tax rate is 1% of assessed value (also applies to real property) plus any bonded indebtedness approved by the taxpayers.
Sacramento Today, California's seniors, severely disabled persons, and victims of wildfires or natural disasters will now be able to transfer the taxable value of their original residence to a replacement residence up to three times during their lifetime anywhere throughout the state.
PROPERTY TAX POSTPONEMENT PROGRAM This program gives seniors (62 or older), blind, or disabled citizens the option of having the state pay all or part of the property taxes on their residence until the individual moves, sells the property, dies, or the title is passed to an ineligible person.
You may be eligible for property tax assistance if you are 62 years of age or older, blind or disabled, own and live in your own home, and meet certain household income limitations. For additional information regarding homeowner property tax assistance, contact the California Franchise Tax Board at 1-800-868-4171.