The BOE has announced increases in both the property exemption amounts and the household income limit for the disabled veterans’ exemption for 2024. (BOE Letter to Assessors No. 2023/015 (May 8, 2023))
For the 2024 assessment year, the exemption amounts are $169,769 for the basic exemption and $254,656 for the low-income exemption, and the household income limit for those claiming the low-income exemption is $76,235.
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.