Being a homeowner in California is no easy feat: while the Golden State hosts beautiful weather year-round for a majority of its residents, property taxes can be excruciatingly high. But if you’re a senior citizen homeowner in California, you’re in luck — the state offers a variety of property tax exemptions for individuals 55 or older.
The problem, however, is that many elderly homeowners aren’t aware of property exemption rules in their areas. Since each county in California can levy its own special taxes and assessments, it’s easy for many homeowners get confused and frustrated when trying to figure out how to save money on their property taxes. On the other hand, if you’re caring for a senior who’s suddenly incapable of filing their own taxes, possibly due to a debilitating disease or condition, you’ll want to know which deductions and credits can save you thousands on their tax bill.
Read more: Property Tax Facts For Homeowners Over 55