Under Proposition 90, California property owners who are 55 years and older may be able to qualify to transfer the assessed value of their principal residence sold in county "A" to their new residence in county "B."
Qualifications for Proposition 90 are as follows:
• The purchaser or spouse must be 55 years of age, AND
• The replacement residence must be equal to or less than the value of the residence sold, AND
• The replacement residence must be located in the same county as the property being sold OR
must be located in one of the counties which have voted to PASS Proposition 90 in order for
the real property tax base to be transferred from the former residence to the replacement
residence.
Before making plans to move, call the County Assessor's Office in the county you are moving to
and request the most recent information concerning Proposition 90.
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