@whatsamortgage_: 🇺🇸 BIG NEWS FOR CALIFORNIA DISABLED VETERANS! Governor Gavin Newsom has officially signed SB 296 into law, expanding California’s property tax exemption for qualifying disabled veteran homeowners. 🏠🇺🇸 If you’re a California veteran with a qualifying 100% service-connected disability and you own a home — or you’re planning to buy one — this could significantly reduce your property tax bill. Here’s the basic breakdown: ✅ Household income at or below $83,474: You may qualify for a 100% property tax exemption on the portion of your home’s value up to $1,000,000. ✅ Household income above $83,474: You may qualify for a 50% property tax exemption on the portion of your home’s value up to $1,000,000, subject to the law’s eligibility provisions. 📈 The income threshold and applicable property-value amounts are subject to annual adjustments. 🏠 The property must generally be your principal residence. 🇺🇸 The law also contains provisions for certain qualifying unmarried surviving spouses of deceased veterans. 📅 WHEN DOES IT START? The expanded exemption applies to property-tax lien dates beginning January 1, 2027 and is currently scheduled through the end of 2031. 📄 Veterans will need to provide documentation to their county assessor, including documentation establishing the qualifying disability rating. This is SB 296 — Property Taxation: Exemption: Disabled Veteran Homeowners. If you’re a disabled veteran in California, don’t automatically assume you qualify for the full exemption based on disability alone. Your disability status, household income, property value, ownership and primary-residence status can affect the exemption available to you. 🇺🇸 Send this to a California veteran who needs to know about this. This is general information only. Eligibility and exemption amounts should be confirmed with your county assessor. Income and exemption thresholds may be adjusted annually. #CaliforniaVeterans #DisabledVeterans #VeteranHomeowners

Minh Nguyen | Mortgage Broker

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Tuesday 29 September 2026 13:38:39 GMT