Tag Archives: California

California Senior Tax Breaks Propositions 60 and 90

California Senior Tax Breaks Propositions 60 & 90. California seniors 55 years or older can transfer Proposition 13 tax base assessment from principal residence to replacement property. Example: current property valued at $400,000.00 and new property assessed value $850,000.00. Tax base can be transferred to the new property. Contact real estate attorney for a consultation. Call: For more information call: Property Tax Office: (916) 445-4982 or (213) 893-1239

Board of Equalization Proposition 60 and 90

Proposition 60:
Taxpayers 55 years old or older can transfer the Proposition 13 tax base year assessment of his or her principal residence to any replacement dwelling. The replacement dwelling must be of equal or lesser value within the same county.

Proposition 90:
Taxpayers 55 years old or older can transfer the Proposition 13 tax base year assessment of his or her principal residence to any replacement dwelling. The replacement dwelling, only in certain circumstances, can be a dwelling in another country.

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