Tag Archives: prop 90

Prop 19: Transfer Tax Change on November Ballot

Up for a vote this November 3rd: Prop 19, which includes proposed changes to the property tax base transfer rules.

This ballot measure would let homeowners who are 55 or older transfer their property tax base to anywhere in California, for a more expensive home if need be. Eligible homeowners would also be able to make this transfer up to three times. Continue Reading

Take Advantage of Property Tax Base Transfer in These CA Counties

If you’re a California homeowner age 55 or older who’s thinking about moving, you may have the opportunity to take your property tax base with you. That’s a huge benefit, as property tax bases are a large homeownership expense.

Propositions 60 and 90 are constitutional amendments passed by California voters that allow homeowners ages 55 and over to transfer their property tax base when purchasing a new principal residence. Your replacement home must be of equal or lesser current market value than the original property. And you can only do this once. Prop 60 allows transfers of base year values within the same county, and Prop 90 allows transfers from one county to another. Continue Reading

Empty Nesters Get Tax Benefits

Empty nesters and retirees take note: There could be some very nice tax advantages in your next home purchase.

If you’re ready to downsize and move into a smaller, more centrally located property like San Francisco’s Mission Bay or South Beach, for example, don’t forget about Prop 90. Continue Reading

Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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