CAL.Regulation
California grants property tax exemption to disabled-veteran homeowners
Governor Gavin Newsom signed SB 296 on September 28, 2026. For lien dates from January 1, 2027 through December 31, 2031, it exempts 50 percent of the first $1 million in value of the principal residence of a 100 percent disabled veteran, rising to 100 percent for claimants under a household income limit, and extends the exemption to eligible unmarried surviving spouses. As a tax levy, the act took effect immediately.
Enrolled text (California Legislative Information) → · Office of the Governor
Key points
- Adds and repeals Revenue and Taxation Code Section 205.5.1 for lien dates January 1, 2027 through December 31, 2031.California Legislative Information
- Homeowners who are 100 percent disabled veterans get an exemption on 50 percent of the first $1 million in value.California Legislative Information
- Qualifying lower-income claimants get a 100 percent exemption on the first $1 million.California Legislative Information
- Eligible surviving spouses may also claim the exemption.California Legislative Information
- The act is a tax levy and took effect immediately on signing; Section 205.5.1 is repealed January 1, 2032.Office of the Governor
Sources2 articles across 2 outlets
California Legislative Information
Office of the Governor
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RegulationCal.SB 296 — Property taxation: exemption: disabled veteran homeownersCompliancePublic safetyTaxFor practitionersFor governance