Do you have a Homeowner’s Tax Exemption?

Tax Exemptions for Homeowners


Tax exemptions are given to homeowners who own property that is their primary residence. It costs nothing to apply for this exemption. You can call 714-834-3821 or go to http://ocgov.com/gov/assess and the assessor will send you an application to fill out and return. It’s not a huge savings on your property tax, but anything helps! If you have your latest tax bill, you can check to see if you’ve been given a homeowner tax exemption.

The example below was taken from the Orange County Assessor’s website http://ocgov.com/gov/assessor:

You may qualify for a tax exemption if:

  • You own the property
  • It was your principal residence on January 1 at 12:01 a.m.
  • You don’t already have a homeowner’s tax exemption
  • You submit a completed application

Here’s an example of how it works:

  • The taxable value of your home is $250,000
  • Less Homeowner’s Tax Exemption – $7,000
  • Tax Calculation Value = $243,000

A Homeowner’s Tax Exemption will save you at least $70 per year in taxes.  The actual amount will depend on your area tax rate.

The deadline for filing for the full $7,000 tax exemption is February 15th at 5:00 pm.  If you submit after Feb. 15th and on or before December 10, you may receive  80% of the full tax exemption which is $5,600.

The assessor sends an application to every new homeowner with pre-filled information that identifies the property and the sales transaction. Make sure to look out for it in the mail, fill it out and return in for your tax exemption!