[malyk]

Oakland has a $7000 homestead exception. It actually just takes $7000 off the "value" of the property for taxation purposes.

https://www.acgov.org/assessor/decreasetax/exemptions/homeow...

[diego]

Right, I live in Oakland. This is a state exemption. In other parts of the state it may be meaningful, but if you (like me) bought property in the Bay Area in the current millennium then it's insignificant.