Prop 60 & 90 Explained

If you are over the age of 55, you may be eligible for property tax relief under California prop 60 & 90, which allow age-eligible homeowners to transfer their property tax base when they sell their principle residence and purchase or construct a new home of equal or lesser value.  The idea behind these propositions is to incentive homeowners who are over 55 and live in a participating county, to downsize or move to a home of equal or lesser … [Read more...]