Propositions 60, 90 & 110|
Allows qualified homeowners a one-time opportunity to
avoid increased property taxes: when they sell their
home and purchase an equal or less expensive home by
transferring their tax base.
Proposition 60: Approved by the voters in 1986, allows
the transfer of the base year assessment of their
principal residence to a replacement dwelling in the
Proposition 90: Approved by the voters in 1988,
authorizes each county's Board of Supervisors to adopt
an ordinance allowing the transfer of tax bases to
qualified homeowners outside of the county.
Proposition 110: Approved by the voters in 1990,
extends the benefits of Proposition 60 & 90 to
severely and permanently disabled individuals.
- One of the property owners must be at least 55 years
old on the day of the transfer of the principal place
- The replacement property must be purchased or newly
constructed within two years (before or after) the
sale of the original residence. Claims must be filed
within three years of the date the replacement
residence is purchased or newly constructed.
- A processing fee of $200 may apply; check with your
County to verify.
- The replacement property must be located in the
same county or a cooperating county.
- A 5% inflation allowance is allowed if the
subsequent purchase is less than 1 year of sale date
of the original place of residence. A 10% inflation
alowance is allowed if the subsequuent purchase is at
least 1 year and 1 day but less than 2 years of the
If you have any questions about the above article please contact me at: Francine@FrancineDiPalma.com or 510-982-4421
Francine Di Palma
Direct Line: 510-982-4421
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