Propositions 60 & 90
UPDATE: California General Election: November 6th,2018. PROP 5 Removes certain transfer requirements for homeowners over 55, severly disabled homeowners, and contaminated or disdaster-destroyed property. A YES VOTE on this measure means: ALL homeowners who are over 55 (or who meet other qualifications) woulod be eligible for property tax savings when they move to a different home.
What Are Propositions 60 & 90?
They are constitutional initiatives passed by California voters. They provide property tax relief by preventing reassessment when a senior citizen sells his/her existing residence and purchases or constructs a replacement residence worth the same or less than the original.
Why Were They Enacted?
They encourage a person, age 55 or older to "move down" to a smaller residence. When a senior citizen acquires a replacement property worth less than the original property, he/she will continue to pay approximately the same amount of annual property taxes as before.
How Do These Propositions Work?
When the senior citizen purchases or constructs a new residence, it is not reassessed, if he/she qualifies. The Assessor transfers the factored base value of the original residence to the replacement residence. Proposition 60 originally required that the replacement and the original be located in the same county. Later, Proposition 90 enabled this to be modified by local ordinance. Los Angeles County enacted an ordinance to provide that when the replacement is located in Los Angeles County, the original property may be located in any other California county.
The seller of the original residence, or spouse who resides with the seller, must be at least 55 years of age at the time of sale.
When Are These Propositions Effective?
The replacement residence must have been purchased or constructed on or after November 5, 1986 if the original was located in Los Angeles County. The replacement residence must have been purchased or constructed on or after November 9, 1988 if the original was located in any other California county. Claims must be filed within three years following the purchase of the replacement residence.
Where Are CLAIM FORMS Available?
They are distributed at Assessor's public counters, in Room 225 of the Kenneth Hahn Hall of Administration, and in district offices. If you need additional information, call 213-893-1239.
Proposition 90 Update
Property Tax Base Transfer - Updated as of Feb 2010
Basic eligibility requirements for (one time only) tax base transfer
• Homeowner (or spouse, or co-owner) must be 55 older
• Replacement residence must be equal to, or less than, the value of residence being sold
• Replacement residence must be located in the same county as residence being sold.. Or
must be located in one of the counties which participates in ordance
• Replacement property must be purchased, or newly constructed, with in two years (before
or after) the sale of the original property
The counties listed below have voted to adopt the ordinance. For complete information of status of
ordinances to implement the inner - county base year value transfer provisions of Proposition 90,
please call the counties listed below:
El Dorado 530-621-5755
Los Angeles 213-974-3211
San Diego 619-531-5481
San Mateo 650-363-4500
Santa Clara 408-299-2401
Alpine, Marin, Santa Barbara
Amador, Mariposa, Santa Cruz
Butte, Mendocino, Shasta
Calavaras, Merced, Sierra
Colusa, Modoc, Siskiyou
Contra Costa, Mono, Solano
Del Norte, Monterey, Sonoma
Fresno, Napa, Stanislaus
Glenn Placer, Sutter
Humboldt, Plumas ,Tehama
Imperial, Riverside, Trinity
Inyo, Sacramento ,Tulare
Kern, San Benito, Tuloumne
Kings, San Bernardino, Yolo
Lake, San Francisco, Yuba
Lassen, San Joaquin
Madera, San Luis Obispo
Replacement dwelling purchased or newly constructed on or after the effective date of the
appropriate county’s Proposition 90 ordinance may be eligible for the transfer of the base year value
from an original property located in any other county within the state, provided all other eligibility
requirements are also met. It is important that you contact the assessors office in the county of the
replacement property to make certain of the latest rule governing proposition 90.
Information deemed reliable, but accuracy is not guaranteed.
As always, I am available to help you with the necessary vital information to secure this financial benefit.
Do not make a move without checking with me BEFORE you sell or buy your next home!!
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