What is the difference between and "exemption" and an "exclusion"?

Certain properties, or portions thereof, are exempt from taxation under the California Constitution. The most common exemptions are:

• Homeowner's Exemption
  
• Welfare Exemption
  
• Religious Exemption
  
• Veteran's Exemption
  
• Church Exemption
  
• School Exemption
  
• Library Exemption
  
• Museum Exemption

More information about exemptions.

The Assessor is required to assess property at its current market value when a change in ownership occurs, which usually results in an increase in property taxes. There are, however, some changes in ownership that are specifically excluded from reassessment such as transfers:

• For refinancing purposes
  
• Between spouses or former spouses
  
• Between parents and children
  
• Between grandparents and grandchildren
  
• Between individuals and a legal entity that results solely in a change in the method of holding title.

More information about exclusions.