Prop 90 Option May Be Ending for El Dorado County Buyers

By
Real Estate Agent with Lyon Real Estate - El Dorado Hills CA DRE# 01499004

* Proposition 90 is no longer available in El Dorado County. 

Since February 2010 El Dorado County has been one of only nine counties that have a Proposition 90 ordinance but the Proposition 90 option may be ending for El Dorado County buyers.  When it was voted in by our supervisors in December of 2009 it was set to expire in 5 years unless approved again.  If not approved again, buyers will have until April 1, 2015 to get their application in.  *On January 27, 2015 the El Dorado County Board of Supervisors voted to extend the Prop 90 ordinance here till October 1, 2016. 

 

What is Proposition 90?

Propsition 13 prohibits property tax increases until property ownership is changed.  With the passage of Proposition 90, homebuyers over the age of 55 can transfer their old Proposition 13 value from their previous residence for moves from other counties to El Dorado County when a primary residence is replaced with a residence of equal or lesser value.Proposition 90 Option May Be Ending for El Dorado County Buyers

 

Proposition 90 can be a great tax advantage for buyers. If you or your family members are thinking of a move here to El Dorado County for this very reason don't wait! 

 

More information:

Proposition 90 Comes to El Dorado County

Propositions 60 and 90 - Tax Relief in El Dorado County

Search for homes on my website

 

 

 

 

Comments (4)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

DeeDee - This is important information for local El Dorado County property owners to be aware of!  Great job in getting the word out!

Dec 01, 2014 01:35 PM
Mike Young
203kOnLine.com, covering the USA - Stallings, NC
FHA 203k Consultant 916-758-1809

DeeDee, glad to see you are out there letting our seniors know about this. I'm going to reblog this. This is very important to seniors... Yikes I am one.

Dec 02, 2014 01:56 PM
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Thanks Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com  and Mike Young !  And Mike, don't feel bad, I'm one too!!!!

Dec 03, 2014 02:02 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Vegas Bob has featured your post to the group:

Good Morning or Good Night Activerain

Dec 23, 2014 06:43 AM