What Is Proposition 90?
Under Proposition 90, California property owners who are 55 and over may qualify to transfer the assessed value of their principal residence sold in participating counties.
Qualifications for Proposition 90 are as follows:
1. The purchaser or spouse must be 55 years of age.
2. The replacement residence must be equal to or less than the value of the residence sold.
(3) The replacement residence must be located in the same county as the property
being sold OR must be located in one of the counties which have voted to
pass Proposition 90 in order for the real property tax base to be transferred
from the former residence to the replacement residence. Before making plans to move, call the County Assessor’s Office in the county you are moving to and request the most recent information concerning Proposition 90.
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