What is the difference between Proposition 60 and Proposition 90?
714-997-3486
Provided certain requirements are met, California’s Proposition 60 and 90 are tax initiatives that allow senior citizens to transfer the trended base value from their current home to a replacement property.
Proposition 60 allows transfers of base year values within the same county (intracounty) while Proposition 90 permits transfers from one county to another county in California (intercounty) at the discretion of each county.
The following counties in California have an ordinance enabling Proposition 90:
Alameda, El Dorado, Los Angeles, Orange, Riverside, Santa Clara, San Diego, San Mateo, Ventura, and San Bernardino. Be sure to call your assessor for verification as it could change at any time.
DRE#01266522
Comments
Post a Comment