There are several programs designed to help older homeowners, veterans, and persons with disabilities reduce their property tax liability. The Fresno County Assessor’s Office is a good place to start with questions. A qualified, certified public accountant (CPA) can answer questions about basic tax planning and provide information on estate planning.
Property Tax Postponement
The program allows homeowners who are seniors, are blind, or have a disability to defer current-year property taxes on their principal residence if they meet certain criteria including 40% equity in the home and an annual household income of $35,500 or less. Applications for 2017-18 will be available in September 2017.
Disabled Veteran’s Exemption
The Disabled Veterans’ Exemption reduces the property tax liability for qualified veterans. It is more generous than the homeowner’s exemption. The property may be owned by the veteran, the veteran’s spouse, or the veteran and spouse jointly.
To apply contact the Fresno County Assessor’s Office. Phone: 559-600-3534 Address: 2281 Tulare St. Fresno, CA.
Transfer Your Current Property’s Value to Your Children or Grandchildren
If you sell or transfer your home to a child or grandchild, they may be able to continue paying the same tax rate.
Continue Paying Your Current Tax Rate if You Sell and Buy a Home of Similar Value
If you are 55 years or older, and sell your home, and buy another of equal or lesser value, you may be able to continue paying your current tax rate and avoid paying higher property taxes.