Reappraisal Exclusion for Seniors - Occurring Before April 1, 2021
Proposition 60/90 Reappraisal Exclusion for Seniors
This is a property tax savings program for those aged 55 or older who are selling their home and buying another of equal or lesser value. Under Proposition 13, a home is normally appraised at its full market value at the time it is purchased. This program allows the taxable value on the original home to be transferred to the replacement home thereby preventing an increase in property tax.
- Proposition 90 - The following 11 counties have an ordinance. implementing the intercounty base year tax value transfer provisions of Section 69.5 of the Revenue and Taxation Code for persons age 55 and over and disabled person (Prop 90 & 110): Alameda, El Dorado, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, Tuolomne, Ventura.
Reappraisal Exclusion for Seniors - Occurring On or After April 1, 2021
Proposition 19 Reappraisal Exclusion for Seniors
This is a property tax savings program for those aged 55 or older who are selling their home and buying another home. Under Proposition 13, a home is normally appraised at its full market value at the time it is purchased. This program allows the taxable value on the original home to be transferred to the replacement home thereby preventing an increase in property tax.
