The BOE has announced increases in both the property exemption amounts and the household income limit for the disabled veterans’ exemption for 2023. (California SBE Letter to Assessors No. 2022/018 (April 28, 2022))
For the 2023 assessment year, the exemption amounts are $161,083 for the basic exemption and $241,627 for the low-income exemption, and the household income limit for those claiming the low-income exemption is $72,335.
For the 2022 assessment year, the exemption amounts are $149,993 for the basic exemption and $224,991 for the low-income exemption, and the household income limit for those claiming the low-income exemption is $67,355.