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If you have any questions about Proposition 90, please call us
Toll Free (877) 497-8688
Propositions 60 and 90Propositions 60 & 90 provide property tax relief by preventing property reassessment when a person, age 55 or older, sells his/her existing residence and purchases or constructs a replacement residence of equal or lesser value than the original property.
How Do These Propositions Work? When a person, age 55 or older, purchases or constructs a new residence, it is not reassessed at point of purchase if he/she qualifies under Proposition 60. The County Tax Assessor transfers the factored base value of the original property located in the same County. Later, Proposition 90 enabled this to be modified by local ordinance. The homeowner is still eligible if moving to a County that has adopted a Proposition 90 ordinance. Counties which have adopted a Proposition 90 Ordinance El Dorado, Alameda, Santa Clara, San Diego, Los Angeles, Orange, San Mateo, Ventura |
Definition: The meaning of equal or lesser value depends on when you purchase the replacement property. In general, equal or lesser value means:
100% or less of the market value of the original property if a replacement property were purchased or newly constructed before the sale of the original property, or 105% or less of the market value of the original property if a replacement property were purchased or newly constructed within the first year after the sale of the original property, or 110% or less of the market value of the original property if a replacement property were purchased or newly constructed within the second year after the sale of the original property.
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