seniors: Reappraisal Exclusion for Seniors
- 09/06/07 09:19 AM
California law provides a one time property tax relief for seniors by transferring their current Proposition 13 base-year values to a newly acquired residence if they sell their existing home and buy another for equal or lesser value within the same county or within another county which has passed an ordinance authorizing such transfers. The requirements for this relief are listed below. AGE: At the time the original dewelling is in San Diego County, the replacement must have been purchased after November 4, 1986. If the original dwelling is located in any other Caliofrnia County, the replacement must have been purchased after … (0 comments)
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California law provides a one time property tax relief for seniors by transferring their current Proposition 13 base-year values to a newly acquired residence if they sell their existing home and buy another for equal or lesser value within the same county or within another county which has passed an ordinance authorizing such transfers. The requirements for this relief are listed below.;)
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