The California Mills Act
Enacted in 1972, the Mills Act encourages the preservation and maintenance of Qualified Historic Structures by reducing property taxes
Tag Archives: California
Understanding the Williamson Act: California Property Tax Explained
How the Williamson Act reduces property taxes for California landowners who commit to agricultural or open-space use. Learn about eligibility, contract terms, rollback taxes, and how the program affects church-owned agricultural land.
Understanding your Property Tax Bill
How to read and understand your California secured property tax bill. Learn about the general tax levy, voter-approved debt, direct assessments, supplemental tax bills, Proposition 13 limits, and escape assessments that affect your property.
Why Use Bushore Church Real Estate
By way of an introduction, we are a father-and-son California Real Estate team, having offices in both northern and southern California, working nearly exclusively for and with churches with their real estate needs for over forty (40) years. We focus on nearly all matters concerning Church Real Estate, including religious, nonprofit, and tax-exempt organizations with the highest spiritual and ethical standards. Over decades of carving out a name for ourselves amongst church groups, we found a niche by locating and/or uniting church property buyers, sellers, landlords, and tenants. Along the way, […]
California Land Trust
In California, a land trust refers to a legal arrangement where real estate property is transferred to a trust for management and administration. Land trusts in California are typically established for purposes such as privacy, asset protection, and estate planning. When a property is placed into a land trust, legal title to the property is held by the trustee of the land trust, who manages the property on behalf of the beneficiary. The beneficiary retains all of the benefits of owning the property, such as the right to occupy or […]
Homeowner’s Exemption in California
Homestead Exemption rules in California provide homeowners with a reduction in assessed value and protection for home equity from judgment creditors. The California Constitution provides for a Homeowners’ Property Tax Exemption which is a $7,000 reduction of the taxable value of your principal residence. Upon qualification, this can amount to a cost saving of approximately $70 each year on your property taxes. In addition to this cost savings, the primary benefit is the protection it provides from a judgment creditor. For statutory homestead exemption amounts, see California Code of Civil […]
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