Both the exemption amounts and household income limit for the disabled veterans’ California property tax exemption are increased for 2024. The exemption amounts and income limit for the exemption are compounded annually by an inflation factor.
Exemption Amounts for 2024
Having applied that inflation factor to the 2023 exemption amounts results in the following exemption amounts for 2024: $169,769 for the basic exemption; and $254,656 for the low-income exemption.
Household Income Limit for 2024
In addition, the application of the inflation factor to the 2023 household income limit results in a 2024 household income limit of $76,235 for those claiming the low-income exemption. Letter to County Assessors, No. 2023/015, California State Board of Equalization, May 8, 2023