CA SB1357

Exempts from property taxation the principal residence of 100% disabled veterans, their spouses, or both jointly, for property tax lien dates from January 1, 2023 through December 31, 2032.

Provides exemption eligibility for unmarried surviving spouses of deceased veterans who were 100% disabled or would have qualified for the exemption, if the veteran was a state resident when they died.

Requires claimants to provide documentation from the U.S. Department of Veterans Affairs or military service demonstrating the veteran's disability rating to the county assessor.

Exemption is mutually exclusive with other property tax exemptions and cannot be combined with exemptions under the California Constitution or Section 205.5 of the Revenue and Taxation Code.

State shall not reimburse local agencies for property tax revenues lost due to this exemption, and the State Board of Equalization must report annually to the Legislature on exemption amounts and number of beneficiaries through June 1, 2033.