What is California Proposition 60? How it may result in substantial tax savings for you!

California Proposition 60 is a replacement dwelling benefit that allows homeowners age 55 and older to transfer their current home's trended base value (current property's assessed value) to a replacement property. It's a one time benefit. This helps people who want a change... want to downsize, move to another area, move into a low maintenance condo, from two story to a one story; just to name a few.

Prop 60 is within the same county. Prop 90 is county to county. Currently, there are ten participating counties: Alameda, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, Tuolumme.

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