Senior citizens 55 years of age or older and those who are severely and permanently disabled who live in Humboldt County, California may buy a residence of equal or lesser value than their existing home and transfer their current taxable value to their new residences.
This is very important in view of Proposition 13. This provides property tax relief for seniors and the disabled by preventing a tax increase if they sell their existing residence and buy another.
This is a ONE TIME ONLY program and you must buy and sell within two years.
The properties must be the ‘principle place of residence'.
