Californians affected by wildfires may be eligible for property tax relief

FRESNO, Calif. (KSEE/KGPE) – California residents who person been affected by wildfire whitethorn beryllium eligible for spot taxation relief, according to the California State Board of Equalization (BOE).

A 2023 study published by the Joint Economic Committee revealed that wildfires origin $147.5 cardinal successful spot harm per year. The authorities taxation committee wants to punctual residents that contempt these immense expenses, alleviation is available.

“As devastating wildfires proceed to interaction the lives of Californians, destruct homes, outbuildings, and spot this year, we request occurrence survivors to cognize of the spot taxation alleviation disposable to alleviate immoderate of their symptom and assistance rebuild their lives,” BOE Chair Sally J. Lieber said.

The taxation committee says properties that person been affected by wildfire wrong Governor-proclaimed catastrophe areas that person experienced $10,000 or much successful spot damages whitethorn suffice for a simplification successful spot taxes. If taxes person already been paid, qualifying spot owners could beryllium eligible for a refund.

According to BOE, to suffice for alleviation spot owners indispensable record a assertion with their County Assessor’s Office within 1 twelvemonth from the day of harm oregon the clip specified successful their county’s ordinance, whichever is later. Eligible spot owners whitethorn besides petition a deferral for their adjacent installment without penalties oregon interest.

Property owners tin sojourn BOE’s Disaster Relief webpage for much information.