David Deem 714-997-3486 Dave@DeemTeam.com   Are you looking to transfer property? If so, your property transfer may be exempt from reassessment for real estate property tax purposes. In California, the annual real estate tax on a parcel of property is limited to one percent of its assessed value (Proposition 13). The “assessed value” may not be increased by more than two percent per year unless the property has changed ownership. The following types of ownership transfers are not considered “changed ownership” and should not result in a reassessment. Please let your title or escrow officer know if one of the following exceptions applies to your transaction:  Proposition 19 – The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act X Eligible homeowners who are 55 years and older, severely disabled, or victims of wildfires and natural disasters may transfer their tax assessments to a different home of the same or lesser mark...

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. What is the difference between Proposition 60 and Proposition 90? 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. www.DeemTeam.com DRE#01266522