Make Yours a "DunnDeal"
|Proposition 60 - Senior Property Tax Q&A:|
Q: Is it true that only one claimant,
out of several co-owners of a replacement dwelling, must be at
least age 55 as of the date of sale of an original property in
order to qualify?
Q: Can a taxpayer apply for and receive
the benefit of Proposition 60 numerous times during the course
of his/her lifetime?
Q: If the current full cash value of my
replacement dwelling slightly exceeds the “equal or lesser
value” test as compared to the full market value of my original
property, can I receive partial benefit?
Q: Can two otherwise qualified taxpayers
who have recently sold their separately owned original
properties combine their claim for Proposition 60 benefit when
they buy a single replacement dwelling together?
Q: May I give my original property to my
son/daughter and still receive the Proposition 60 benefit when I
purchase a replacement property?
Q: After receiving the notice that my
application has been granted, do I still need to pay both
installments of the secured tax bill at the higher value?
Contact your Local Tax Assessor for more information.
|Information deemed reliable but not guaranteed.|