Property taxation: exemption: low-value properties.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Revenue and Taxation
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill increases the property tax exemption for low-value properties in California. Specifically, it raises the maximum exemption amount from $10,000 to $25,000 for lien dates occurring on or after January 1, 2026, and before January 1, 2036, and increases it to $20,000 for lien dates occurring on or after January 1, 2026, and before January 1, 2031. The bill also requires specific findings, performance indicators, and data collection to evaluate the impact of this expansion on taxpayers.
Key provisions
- Increases the maximum low-value property tax exemption from $10,000 to $25,000 (effective January 1, 2026).
- Increases the maximum low-value property tax exemption to $20,000 (effective January 1, 2031).
- Requires specific findings, performance indicators, and data collection to assess the exemption's impact.
- States that the state will not reimburse local agencies for property tax revenues lost due to this exemption.
- The exemption does not apply to new construction unless the total base year value, including the new construction, is $10,000 or less.
- The bill takes effect immediately as a tax levy.
Who is affected
- Property owners
- County Boards of Supervisors
- Taxpayers
- Local governments
- California residents
Notable changes
- Increases the maximum exemption amount for low-value properties.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours