Calling newly minted Marin Homeowners – Do you know….
How to shave $7,000 off your Marin county home’s assessed value from property tax year-in and year-out?
By filing Homestead Exemption on your primary residency by February 15th each year.
The home has to be the primary residence of the owner(s) or co-owner(s) as of 12:01 A.M. January 1 (lien date). To receive the full exemption, the application has to be filed with the Assessor’s) Office by February 15th. A partial exemption will be approved, if the application is filed between February 16th and December 10th.
If the home is purchased after January 1st, the exemption is applied to the supplemental assessment, unless the prior owner received the exemption on the secured bill. The claim has to be filed within 30 days of the homeowners supplemental notice. A partial exemption is approved, if the claim form is returned prior to the due date of the first installment of the supplemental bill. More information may be obtained by calling (415) 499-7195.
- Veteran’s Exemption
Veterans with a 100% disability due to a service-connected injury or illness are eligible for an exemption of $100,000 on the assessed value of their home. Legislation provides the same for wives of such veterans killed on active duty. A letter of proof from the veteran’s administration has to be presented at the time of application. In addition to the application form, honorable discharge papers, death certificate and a marriage certificate (if applicable) have to be included.
A $150,000 veteran’s exemption is available if the applicant’s annual total household income is less than $40,000. Annual filing is required for any year in which the $150,000 exemption is claimed. More information may be obtained by calling (415) 499-7206 or 499-7204,
There are othe exemptions, such as Church, College, Welfare, etc.
Please make sure you check and confirm all the details out with the Count of Marin. See link for County of Marin web page for this subject – www.co.marin.ca.us/depts/AR/main/Administration.cfm
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