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Printable Form Instruction 6251 Simi Valley California: What You Should Know
Apr 21, 2025 — The maximum home value for 2025 is 800,000 and for 2025 the maximum is 810,000. Note that, if you are a California real estate investor, this home value increase is subject to an additional property tax of 1,086 per year! Mar 4, 2025 — The maximum home value for 2025 is 850,000 and for 2025 the maximum is 870,000. If your property is less than 500,000 or if you do not pay city property taxes, and you are a California resident, you may have more than one home at any time during the year. Mar 4, 2025 — The maximum home value for 2025 is 850,000 and for 2025 the maximum is 920,000. A special election is made for tax year 2025 when 500,000 is reached. Mar 12, 2025 — The maximum home value for 2025 is 858,000 and for 2025 870,000. This change in home value would have a tax impact of 865,000 per tax year! In total, the maximum home value is the total of 858,000 minus the 830,000 allowed on line 2, which would be the maximum of 856,900. This is because the maximum value of 875,000 has a limit of 1,000,000. Taxpayers may use Form 2848-S (and no longer Form 2848-U) to elect an earlier election or to request an adjustment based on the value of the home as of January 31, 2020. After January 31, 2020, taxpayers may use Form 5849-S to elect an earlier election. (This is a PDF form). A home will be deemed to be at or above the 2025 maximum home value, if taxable market value is below its 2025 maximum home value, or if the property is subject to the maximum home value increase for that property, as of January 31, 2020. Note this is not a tax issue: • The maximum value is 856,900 • There is no limit on the maximum value as of January 31, 2025 (this includes homeowners who did not pay city or state taxes on the property, which is not applicable to this election) Taxpayers may request a tax adjustment for the difference in the maximum home value of 885,000 for 2025 and 866,000 for 2025 by using Form 5849-S.
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