Sacramento April 1, 2021 – Today, California’s seniors, severely disabled persons, and victims of wildfires or natural disasters will now be able to transfer the taxable value of their original residence to a replacement residence up to three times during their lifetime anywhere throughout the state. This is due to Proposition 19, The Home Protection […]
State Board of Equalization
Posted inCalifornia
Significant Property Tax Law Change to Come Later this Month
Sacramento February 1, 2021 – On November 3, 2020, California voters approved Proposition 19, The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act. Beginning on February 16, 2021, there will be significant property tax law changes, specifically for families transferring real property between parents and children, or between […]
Posted inCalifornia
Property and Other Tax Relief Available for Those Impacted by Storms, Flooding
Sacramento January 26, 2017 – If your property has been damaged by the recent storms and flooding, you may be eligible for property tax relief. In many cases, the damaged property can be reappraised in its current condition, with some taxes refunded to the property owner. Once rebuilt, the property will be reassessed to its […]
Posted inCalifornia
California’s Sales Tax Rate to Decrease in January 2017
Sacramento, Calif. December 30, 2016 – On January 1, 2017, the statewide sales and use tax rate will decrease one quarter of one percent (0.25%) from 7.50 percent to 7.25 percent. The decrease in the statewide rate is effective for all cities and counties in California; however, in many jurisdictions in California the actual sales […]
Posted inRegional
Medical Cannabis Tax Exemption Has Begun
Sacramento – The November 8, 2016 passage of Proposition 64 (The Control, Regulate and Tax Adult Use of Marijuana Act) exempts certain sales of medical marijuana from sales and use tax. Sales of medical cannabis to those who have a medical marijuana identification card (MMIC) issued on a county-by-county basis by the California Department of […]