Real estate blog entries tagged with downsizing by Laguna Homes|Laguna Condos| Laguna Real Estate|Marlene Bridges (Village Real Estate Services, Inc.)

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Home : Blogs : Laguna Homes|Laguna Condos| Laguna Real Estate|Marlene Bridges : Marlene's South Orange County, CA Real Estate Connection : Tag "downsizing"

downsizing: Good News For California Seniors (55 and over) Who Are Considering Downsizing Their Homes - Tax Relief - Your Tax Base May Be Portable - 03/25/09 11:12 AM

Many people in California after raising their families discover that they no longer need the large homes they once had. If you've been in your home for a long time, you probably have a very low tax base. If you're considering moving into a new home, even though it's less expensive than your current home could create a property tax price tag that's higher than what you're accustomed to...Unless, you apply for Proposition 60 or 90 tax relief. You may be able to retain your current tax base when you move into your new residence. So, if this is one … (9 comments)

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