Save Thousands every year when you

TRANSFERRING YOUR CURRENT TAX BASE TO YOUR REPLACEMENT HOME CAN SAVE YOU THOUSANDS EVERY YEAR!!

If you’re getting ready to downsize your home, then it’s time for you to learn more about Proposition 60 and 90. These property tax breaks for seniors, 55 and over, keep your monthly payments where they are and your money where it should be – in your pocket.

WHAT IS PROPOSITION 60?

Prop 60 allows you to transfer the base year values of your property tax from one residence to another if you’re moving within the same county.

WHAT IS PROPOSITION 90?

Prop 90 allows you to transfer from one county to another within California. Transfers are based on each county and their individual rules.

AM I ELIGIBLE FOR PROPOSITIONS 60/90?

Here are the requirements to find out if you qualify for this property tax break:

  • Must be at least 55 years old – This applies to you or your spouse and you must have been at least 55 years old when the original property was sold (date the original property was transferred).
  • Your new property must be of equal or lesser “current market value” than the original.
  • The base year value cannot be transferred until the original property is sold.
  • You must purchase the replacement property (or build it) within 2 years of the sale of your original property.
  • You can only file Proposition 60/90 once. If you, or your spouse, were granted relief in the past you cannot claim this break again.
  • To receive retroactive relief, you must file your claim within 3 years of the purchase or construction completion date of your new home.
  • Must own AND occupy the replacement home as your primary residence to qualify.

I STILL HAVE QUESTIONS ABOUT PROP 60 AND PROP 90 / WHO DO I CONTACT FOR MORE INFORMATION?

Steve and Crystal have helped many clients downsize and assisted them with the necessary paperwork to transfer their current tax base to their new replacement home.  Our business is built upon educating our clients and ultimately assisting them in achieving their residential real estate goals.

If you’re looking to buy or sell in the Santa Clarita area contact Steve & Crystal at (661)904-4822 or visit us at www.EZHomeTracker.com