San Francisco Tax Preparation / CPA: CA – Relief available for taxpayers affected by wildfires discussed

Filed in CCH NEWS FEED by on January 8, 2021

California has issued a release reminding taxpayers with property damaged by the wildfires that they may be eligible for property tax relief. To qualify for the relief, taxpayers must file a claim with their county assessor’s office within the time specified in your county ordinance or 12 months from the date of damage or destruction, and the loss estimate must be at least $10,000 of the current market value of the property. Owners of the eligible property may also apply for deferral of the next property tax instalment, without penalties or interest. Details on property tax disaster relief are available on the California State Board of Equalization’s website at Release NR 20-08, California State Board of Equalization, December 3, 2020

Comments are closed.