[quote=fat_lazy_union_worker][quote=PadreBrian][quote=patientlywaiting]That property tax bill has a $7,000 homeowners exemption.
If this is indeed a rental, and GC does not live on the property, then GC is committing fraud and the County needs to prosecute him.
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What is this exemption from? How did he claim this?[/quote]
Maybe I’m mis-reading your question. But…If you’re wondering what the homeowner exemption is…
Anyone who is a homeowner that uses that property as a primary home of residence can claim a 7000 exemption from prop tax assessment. Deduct 7000 from the assessed value, and your prop tax is computed from that. [/quote]
This amounts to a grand total of about $75 in savings per year.
