The BOE has announced increases in both the property exemption amounts and the household income limit for the disabled veterans’ exemption for 2025. (BOE Letter to Assessors No. 2024/015 (May 2, 2023); R&TC §205.5)
For the 2025 assessment year, the exemption amounts are $175,298 for the basic exemption and $262,950 for the low-income exemption, and the household income limit for those claiming the low-income exemption is $78,718.
For the 2024 assessment year, the exemption amounts were $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 was $76,235.