Since voters passed Proposal A in 1994, persons who own and occupy their home as their principal residence may claim an exemption from the 18 mills levied by the local school districts for operating purposes.
The Principal Residence Exemption can be used by taxpayers to file a request for a Principal Residence Exemption when moving into a Principal Residence property.
PRE Form #4640 must be submitted to the local assessor by May 1.
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