The Risks of Renting Out Your Church Parsonage in California
Renting out your church parsonage can risk your property tax exemption and trigger UBIT. Here’s when that happens — and how to protect your exemption.
Tag Archives: Property tax
Qualified Commercial Tenants
California’s SB 1103 gives small nonprofit and business tenants new protections on rent increases, lease translation, and operating cost disclosures. Here’s what churches leasing commercial space need to know.
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.
California Proposition 19
Effective April 1, 2021, Proposition 19 provisions potentially affect the former base year value transfers for persons age 55 and over that were added by Propositions 60 (1986) and 90 (1988). California Proposition 19, also known as the “Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment,” was a ballot measure that was passed in November 2020. Proposition 19 made several changes to property tax rules in California. Under Prop 19’s base year value transfer provision, if the transfer of taxable value is to a replacement primary […]
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 […]
Property Tax Assessment Appeals
Think your property’s assessed value is too high? Learn how California’s appeal process works, key deadlines, and what evidence actually holds up before an Assessment Appeals Board.
Churches and For-Profit Tenants
It often becomes necessary for a church to seek out tenants in order to meet the financial needs of the congregation. Some are happy to open their doors to other churches, while other desire schools or other groups to make better use of their facilities. Regardless of the approach, the type of tenant sought after can make a world of difference regarding your property taxes, especially if the tenant is a for-profit organization. The following is a brief overview and the proper professional should be consulted as the laws in […]