The veterans'
exemption may be applied to real or personal property
located in the county, and exempts up to $4,000 off of
the assessed value of the property.
A person who is currently in the service, a veteran who
was honorably discharged, or an unmarried spouse or parent
of a deceased veteran who was honorably discharged, may
be eligible for a veterans' exemption, if:
•
The claimant's assets do not exceed $5,000, if unmarried,
or $10,000, if married.
• Assets include 25%
of the assessed value for all taxable real and personal
property and 100% of the value of vehicles, furniture,
cash, stocks, bonds, etc.
Example:
A married veteran and his/her spouse have a boat assessed
for $6,000 with remaining assets valued at $6,500.
$6,000 x 25% = $1,500 (Boat)
Add $6,500 (Other Assets)
Total $1,500 + $8,000
They would qualify for the exemption, since their assets
are less than $10,000.
For more information, or if you are not certain
about the information you are looking for, call the
Santa Clara County Assessor’s Office @ 408-299-5500
Contact
us for more info on Santa Clara County Veterans Exemption
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