Happy February, Friends! 

I wanted to share this information regarding the Homeowners’ Property Tax Exemption in case you are a homeowner or know of anyone who currently owns a home.

This is a one time application and the “homeowners exemption” will be applied automatically to your tax assessment until you move out or sell. The claim may be filed any time after you become eligible, but no later than February 15 to receive the full $7,000 exemption for the next fiscal year, which begins July 1. Attached is the The State Board of Equalization Taxpayers’ Rights Advocate Office Information Sheet for additional information  and steps on how to apply. Here is the link as well: Information Sheet 

For those who currently do not own a home and have not been homeowners in the past 3 years: The Dream for All Appreciation Program is coming back possibly early Spring. 

The Dream For All is a conventional loan goverment assistance program that grants the buyer up to 20% of the buyers down payment or Up to $150,000 whichever is less; and if and when the buyer decides to sell or refinance the property the borrow would need to pay back the original amount that the program covered plus an additional 20% of the total equity earned. So initially the program can grant 20% down payment upfront and if and when you sell you or refinance the property you'd have to pay back what was borrowed and an additional 20% of the equity. In my opinion, thats not bad if you are looking to stay at that property for at least a decade. There are some requirements so if this is something of interest just let me know. 

I am always here to update you with the market update and when needed I am just a phone call away.