California Homestead Exemption 2024 Form. The homeowners' exemption allows an owner to reduce property tax liability on a dwelling which is occupied as the owner's principal place of residence as of 12:01 a.m. Property owners who occupy their homes as their principal place of residence on january 1 may be eligible for an exemption.
One of the most important protections is the homestead exemption. A homestead exemption is an exemption that removes all or a portion of value from your residence homestead as authorized by the state or adopted by a local taxing unit.