Proposition 60 & 90

Over 55?  California Property Tax Relief

Proposition 60 & 90

Since its passage, Proposition 13 prohibits property tax increases until property ownership is changed.

If either spouse is over age 55, Prop 60 allows replacement of a primary residence with a new home of equal or lesser value within the same county and transfer of the Prop 13 assessed valuation from the old home to the new property.

Prop 90 allows counties to elect to accept transfer pf Prop 13 values for moves from other counties when a primary residence is replaced with a less expensive (but see below) home.  If y ou are over 55 and move into a county which accepts Prop 90, you may take your old, lower Prop 13 value, regardless of which county you move from.

Using Prop 90, you can sell, for example, your $500,000 Los Angeles County Home (assessed value $80,000) and move to a new $400,000 home in Orange County; the new Orange County home assessed value will be $80,000.

Participating Counties:

(List subject to change.  Please contact me for a current list.)

Alameda       (510) 72-3777           Kern        (661) 868-3485

Los Angeles   (213) 893-1239         San Diego    (619) 531-5481

Orange          (714) 834-2733        San Mateo   (650) 363-4500

Ventura         (805) 654-2181        Santa Clara   (408) 299-2401

If you would like additional information, most commonly asked questions on Proposition 60 & 90, please call us at (562) 860-7383.