Propositions 60, 90 and 110

Propositions 60, 90 and 110 relate to those persons 55 and older or severely and permanently disabled.

Proposition 60 was approved by voters in November 1986 allows under certain circumstances the transfer of the property tax base from a primary residence to a replacement dwelling in the same county.

Proposition 90 approved in November 1988 permits the Legislature to authorize each county's board of supervisors to adopt an ordinance which extends Proposition 60 benefits to qualified homeowners outside the county.

Proposition 110 approved by voters in June 1990, extends the proposition 60 benefits to severally and permanently disabled individuals.

An example of this would be a person age 55 is living in a home in LA. The person moves to Berkeley and purchases a home in Berkeley that will be the primary residence. The individual in this case could transfer the property tax base from the house in LA to the house in Berkeley.

There are some restrictions and guidelines that must be met.

1. This is a one time event. Once you transfer your tax base once, you cannot transfer it again.
2. You must apply to have transfer tax base moved from one house to the next.
3. The replacement property must be purchased or newly constructed within 2 years before or after the sale of the original residence.
4. The transfer of the original residence must be a change in ownership which subjects the property to reappraisal at its current market value.
5. The replacement property must be of greater or equal value.

For more details and questions and answers regarding Proposition 60, 90 and 110 you can visit this site http://www.boe.ca.gov/proptaxes/faqs/reappraisal.htm

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