Wednesday, February 02, 2011

Property Tax Exmptions

February 2, 2011

Property that is owned and occupied as your principal residence as of January 1 may qualify for a homeowner's exemption of $7000. That is $7000 that will be deducted from the assessed value of your principal residence by the Tax Collector when the amount of your property tax is determined. While the tax year is July 1 to June 30, the taxes for the upcoming year are determined by the assessed value on January 1.

If you purchase a home in 2010, you should have received a form from the Assessor's office. This form allowed you to file for this homeowner's exemption. If you do not remember receiving such a form, you can contact the Assessor's office and request the form.

The filing deadline for property tax exemptions is SOON ! February 15, 2011 to be exact. For more information you can go to the Assessor's office at 172 W. Third Street in San Bernardino or on the Internet at http://www.sbassessor.org/

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