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Tagged : california property taxes

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California Property Tax Transfer

Wednesday, August 5th, 2009 at 9:22pm. 479 Views, 0 Comments.

California home owners over age 55 can take advantage of the Proposition 60 or Proposition 90 provision to transfer their property tax basis.  Here are the basics:

  • At least one of the home owners must be 55 or over
  • Must be selling and buying a home within the same county or moving to a participating county
  • Must be buying a home of equal of lesser value than the California home you are selling
  • One time only transfer
  • Must be transferring to your primary residence
  • Must set up before closing escrow on the purchase of the new home
  • Can extend time from sale to purchase up to one year

These links will take you to the State Web Sites that will give you the detailed informtion:

ORANGE COUNTY

LOS ANGELES COUNTY

SAN DIEGO COUNTY

RIVEDRSIDE COUNTY

SAN…