These constitutional tax initiatives provide a one-time benefit allowing property owners over the age of 55 to transfer the current taxable value of their home when purchasing or building a replacement residence of equal or lesser value in the same county or another qualifying California county.
What is the difference between Proposition 60 and Proposition 90?
Proposition 60 specified that the original property and the replacement property must be in the same county. Proposition 90 later allowed this requirement to be modified by local ordinance to allow properties to be located in other qualifying California counties.
Counties that have adopted ordinances allowing the base value to be transferred to a replacement property in another county. AS OF NOVEMBER 2018
WANT TO LEARN MORE?
Consult your tax advisor and/or contact the local tax assessor’s office to learn more about the provisions of Propositions 60 and 90, including the eligibility rules and how to file a claim.
County Tax Assessor Contact Info:
phone 510.272.3755 SAN DIEGO
phone 213.974.3211 SAN MATEO
phone 714.834.2727 SANTA CLARA
phone 951.955.6200 TUOLUMNE
phone 909.387.8307 VENTURA
First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions.
First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2019 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF