Propositions 60 & 90


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Seniors can benefit from California Propositions 60 & 90, which have a direct impact on how real estate is taxed.

Propositions 60 & 90

Proposition 60:

Senior citizens 55 years of age or older can buy a residence of equal or lesser value than their existing home and transfer the current taxable value to their new property. This provides property tax relief for seniors by preventing a tax increase if they sell an existing home in Orange County and buy another.

This is a one time program, and you must buy and sell within two years. The properties must also be the principal place of residence. Finally you must file the necessary application with the Tax Assessor.

Proposition 90:

A one-time provision that allows a homeowner 55 years of age or older, who meet other filing requirements, to transfer the base-year value of his/her home to a replacement property in a different county. The county Board of Supervisors where the replacement property is purchased must have enacted a Prop. 90 ordinance to allow the transfer of base-year value to that county.

The replacement residence must be of equal or lesser value than the original residence.

To be best of my knowledge, this is the current list of counties:

Alameda

Orange

Kern

Monterey

San Mateo

Modoc

Los Angeles

Santa Clara

Ventura.

The list of approved counties is constantly changing, so check with the Tax Assessor to see if your county qualifies.

For more information, contact:

Webster J. Guillory
Orange County Assessor
12 Civic Center Plaza, Room 142
P.O. Box 149
Santa Ana, CA. 92702-0149
Phone: (714) 834-2727

Office Hours: 8:00 am - 4:45 pm
Monday through Friday


	CA Propositions

Please consult with your tax advisor for your particular situation before making a decision.

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