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Proposition 60 & 90
Senior Citizen Property Tax Relief:
 
What are Propositions 60 & 90?
     They 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.

Why Were They Enacted?
     They 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 originally required that the replacement and the original be located in the same county. Later, Proposition 90 enabled this to be modified by local ordinance.

Counties Involved in Proposition 90
     A county’s participation in Proposition 90 is not mandatory and is subject to change. Therefore, you should always contact that county for Proposition 90 eligibility before you purchase your replacement property. The following is a list of the counties currently participating in Proposition 90 as of December 18, 2013:
Alameda: 510-272-3787 Santa Clara: 408-299-5500
San Diego: 619-236-3771 Orange: 714-834-2727
Los Angeles: 213-974-3211 San Mateo: 650-363-4500
Ventura: 805-654-2181 Riverside: 951-955-6200
San Bernardino: 909-387-8307  
 
To check on the Counties still participating call:  916-445-4982
 

More information can be found at:

 www.lacountyassessor.com

 http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm

 

Contact your Local County Tax Assessor for more information.

 

Information deemed reliable but not guaranteed.

 

Charlie Dunn
Berkshire Hathaway HomeServices California Properties
11306 183rd Street, Cerritos, CA 90703
Direct Line: 562-430-4007
Make Yours a "DunnDeal" 

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