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Proposition 90

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Under Proposition 90, California property owners who are 55 years and older may be able to transfer the assessed value of their principle residence sold in one county to a new home in another, participating county.  Here's how it works...

 The purchaser or spouse must be 55 years of age AND...

 The replacement home must be equal or less than the value of the home sold, AND...

 The replacement home must be either in the same county or another participating county.

 Participating Counties as of June 1996:

Alameda
Kern
Los Angeles
Marin
Modoc
Monterey
Orange
San Diego
San Mateo
Santa Clara
Ventura
If you are thinking of moving, contact the county assessor's office in the county you are moving to and ask for the most recent information on Proposition 90.



 
Ron Porter, HomeBuyer Agents, Inc.
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