Propositions 60 & 90 - How to Transfer Property Tax from an Old home to a New home

Propositions 60 & 90 - How to Transfer Property Tax from an Old home to a New home

In most cases, these constitutional tax initiatives allow senior citizens to transfer the trended base value from their current home to a replacement property if certain requirements are met. This may result in substantial tax savings.

For expanded definitions of Propositions 60 and 90, see Revenue and Taxation (R & T) Code Section 69.5. It is available online at leginfo.legislature.ca.gov.