|
Under Proposition 90, California property
owners who are 55 years and older may be able to qualify to transfer the
assessed value of their principal residence sold in county "A" to their new
residence in county "B."
Qualifications for Proposition 90:
- The purchaser or spouse must
be 55 years of age, AND
- The replacement residence must
be equal to or less than the value of the residence sold, AND
- 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.
Counties Passed, Effective Date
- Alameda 11/09/88
- Kern 02/02/89
- Los Angeles 11/09/88
- Modoc 07/05/89
- Orange 11/09/88
- San Diego 11/09/88
- San Mateo 11/09/88
- Santa Clara 07/07/89
- Ventura 05/04/92
Prop. 90 Was Rejected in These
Counties:
- Butte
- Contra Costa
- El Dorado
- Fresno
- Inyo
- Madera
- Marin
- Mendocino
- Monterey
- Napa
- Nevada
- Riverside
- Sacramento
- San Bernardino
- San Luis Obispo
- Santa Barbara
- Santa Cruz
- Shasta
- Solano
- Sonoma
- Tulare
No Action Was Taken in These
Counties:
- Alpine
- Amador
- Calaveras
- Colusa
- Del Norte
- Glenn
- Humboldt
- Imperial
- Kings
- Lake
- Lassen
- Mariposa
- Merced
- Mono
- Placer
- Plumas
- San Benito
- San Francisco
- San Joaquin
- Sierra
- Siskiyou
- Stanislaus
- Sutter
- Tehama
- Trinity
- Tuolumne
- Yolo
- Yuba
The above information is current as of February
2002 but may be subject to change at any time. 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.
Back to Main Menu |