Proposition 90
Ordinarily under Proposition 13, the value of a home for property tax purposes is re-assessed to market level whenever a change in ownership takes place. This usually results in higher property taxes for the homebuyer.
In November 1988, the state's voters approved Proposition 90, which is designed to induce greater turnover of homes owned by senior citizens. The measure provides anyone over the age of 55 with relief from Proposition 13 by allowing them to move from one county to another without undergoing a change in their basic property taxes.
Proposition 90 is a "local-option" law; each county has the option of participating. If a county has adopted a Proposition 90 ordinance, it accepts transfers of property tax base assessments from other California counties. If the county that the homeowner is moving from does not have a
Proposition 90 ordinance, this does not affect the eligibility of the homeowner.
[Please note: Proposition 60 is a similar law passed by the state's voters two years prior to Proposition 90. It allows seniors to keep their property tax base assessment when they move within the same county.]
Counties which have adopted a Proposition 90 ordinance:
| Alameda |
El Dorado |
San Diego |
Riverside |
| Orange |
San Mateo** |
Los Angeles |
| Santa Clara |
Ventura |
San Bernardino |
** San Mateo County is opting out of Prop 90 as of November 7, 2018
Counties which have rejected implementing Proposition 90:
|
Butte
|
Merced
|
Santa Barbara
|
|
Calaveras
|
Modock*
|
Santa Cruz
|
|
Contra Costa*
|
Mono
|
Shasta
|
|
Fresno
|
Monterey*
|
Siskiyou
|
|
Inyo*
|
Napa
|
Solano
|
|
Kern*
|
Nevada
|
Sonoma
|
|
Lake
|
Placer
|
Stanislaus
|
|
Madera
|
Sacramento
|
Trinity
|
|
Marin*
|
San Benito
|
Tulare
|
|
Mendocino
|
San Luis Obispo
|
Yolo
|
[Counties with an asterisk * previously had a Proposition 90 ordinance then repealed it. All other counties listed in Table II never had a Proposition 90 ordinance.]
The replacement property must be of equal or lesser value (possibly within 5% for inflation). The buying & selling of the properties must be within 2 years of each other.
For possible changes, clarification and more information, please call the San Diego County Assessor at 619-531-5481. You may also call the County Assessors office in any county. Please verify all information prior to basing any decision on this article.
Information courtesy of the California Association of REALTORS® 1999
To view the actual text from the laws go to CaliforniaTaxData.com
For more information see http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm
Complements of:
Dennis & Donna "Sunshine" Smith
RE/MAX BY-THE-SEA
1265 Carlsbad Village Dr. #100 Carlsbad, CA 92008
Office: 760-436-0087
Fax: 760-436-0996
Cell/Text: 760-212-8225
www.SanDiegoHomes4u.com
mailto: dennis@sandiegohomes4u.com
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