California’s Propositions 60 & 90

In California, with property values on the rise, many homeowners would like to sell their homes and “cash out”. However, they don’t always want to pay higher property taxes on their new home.

California’s Propositions 60 & 90 allows sellers to maintain a lower property tax basis if certain criteria are met. Below are some of the requirements.

Homeowner(s) aged 55+.
Sale of Primary Residence.
Purchase of new Primary Residence of equal or lesser value.
Purchase complete within 2 years of sale.

Click prop 60 – 90 for more information and FAQs.

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