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Under proposition 90, California property owners who are 55 years and older may be able to qualify to transfer the assessed value of their principal residence sold in county “A” to their new residence in county “B” | ||
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Qualifications for proposition 90 are as follows: (1) The purchase or spouse must be 55 years of age, AND (2) The replacement residence must be equal to or less than the value of the residence sold, AND (3) The replacement residence must be located in the same county as the property being sold OR must be locate4d in one of the counties which have voted to PASS proposition 90 in order for the real property tax base to be transferred from the former residence to the replacement residence. Before making plans to move, call the County Assessor’s Office in the county you are moving to and request the most recent information concerning Proposition 90. The following information is current as of January 1, 1998 but may be subject to change at any time. | ||
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Counties-Passed |
Effective Date |
Counties Rejected |
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11/09/88 02/02/89 11/09/88 07/05/89 01/09/86 11/09/088 11/09/88 11/09/88 07/07/92 05/04/92 |
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Counties-No Action Taken | ||
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1. Alpine 2. Amador 3. Calaveras 4. Colusa 5. Del Norte 6. Glenn 7. Humbolt 8. Imperial 9. Kings |
10. Lake 11. Lassen 12. Mariposa 13. Merced 14. Mono 15. Placer 16. Plumas 17. San Benito 18. San Francisco |
19. San Joaquin 20. Sierra 21. Siskiyou 22. Stanislaus 23. Sutter 24. Tehama 25. Trinity 26. Tuolumne 27. Yolo 28. Tulare |
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This information is designed to provide accurate and authoritative information in regard to the subject matter covered. It is given with the understanding that the author is not engaged in rendering legal service. If legal advice or other expert assistance is required, the services of a competent legal person should be sought. |
