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California
Propositions 60 and 90
PROPOSITIONS
60 and 90 are Constitutional initiatives passed
by California voters. They provide property tax relief
by preventing reassessment when a senior citizen sells
his/her existing residence and purchases or constructs
a replacement residence worth the same or less than
the original. They were enacted to encourage a person,
age 55 or older to "move down" to a smaller
residence. When a senior citizen acquires a replacement
property worth less than the original property, he/she
will continue to pay approximately the same amount of
annual property taxes as before.
How Do These Propositions Work?
When the senior citizen purchases or constructs a new
residence, it is not reassessed, if he/she qualifies.
The Assessor transfers the factored base value of the
original residence to the replacement residence. Proposition
60 originallyrequired that the replacement and the original
be located in the same county. Later, Proposition 90
enabled this to be modified by local ordinance. Los
Angeles County enacted an ordinance to provide that
when the replacement is located in Los Angeles County,
the original property may be located in any other California
county.
Who
Qualifies?
The seller of the original residence, or spouse who
resides with the seller, must
be at least 55 years of age at the time of the sale.
When
Are These Propositions Effective?
The replacement residence must have been purchased or
constructed on or after November 5, 1986 if the original
was located in Los Angeles County. The replacement residence
must have been purchased or constructed on or after
November 9, 1988 if the ongmal was located in any other
California county. Claims must be filed within three
years following the purchase of the replacement residence.
Were Are Claim Forms Available?
They are distributed at Assessor's public counters,
in Room 225 of the
Kenneth Hahn Hall of Administration, and in district
offices. If you need additional information, call (213)
893-1239.
Counties
Accepting Prop 90 Transfers:
Alameda
Los Angeles
Orange
San Diego
San Mateo
Santa Clara
Ventura
Kern and Modoc rescinded Prop 90 transfers.
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