Inter- and Intracounty Property Value Transfers (Propositions 60/90/110)

State

California

Year

2007

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Other

Benefit

Homeowners who purchase a new primary residence are able to transfer the property's favorable assessment value due to Proposition 13 to a replacement property. Proposition 60 allows transfers within participating counties. Proposition 90 allows transfers between participating counties. Proposition 110 allows transfers both within and between participating counties. Base year transfers can only be used once in a lifetime. The exception to this rule is that claimants may transfer base year values under 110 if they have become severely and permanently disabled after transferring base year values under 60/90.

How is Benefit Disbursed

Other

Eligible Property Type

Residential

Characteristics of Eligible Property

Only principal residences are eligible.

Eligibility Criteria

Age

Disability

Homeowner

Principal Residence

Property Value Limit

Other Criteria

Description of Eligibility Criteria

Under Proposition 60, eligibility is confined to principal residences where at least one homeowner is aged 55 or older, the replacement property is of equal or lesser value than the original property, the replacement property was constructed or purchased within 2 years of the sale of the original property, and the county has an ordinance adopting the program. Proposition 90 eligibility holds under the same conditions except that the county where the replacement property is located must have an ordinance adopting the program. Proposition 110 eligibility requires that at least one of the homeowners is severely and permanently disabled. There are no age restrictions, and all other criteria under 60/90 apply to 110. Base year transfers can only be used once in a lifetime. The exception to this rule is that claimants may transfer base year values under 110 if they have become severely and permanently disabled after transferring base year values under 60/90.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Record ID

CA106_RR07

Footnotes

As of January 1, 2007, the following seven counties allow in intercounty transfers: Alameda, Los Angeles, Orange, San Diego, Santa Clara, San Mateo, and Ventura. All California counties allow intracounty transfers.

Sources

Cal. Revenue and Taxation Code § 69.5 (in effect for 2007)
Source Constitution: 
Cal. Const. Art. XIIIA § 2 (a)
Proposition 110 (Transfer of Base Year Value) [http://boe.ca.gov/proptaxes/faqs/propositions110.htm Accessed 3/1/2012]
View Archived Source
Propositions 60/90 (Transfer of Base Year Value) [http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm Accessed 3/1/2012]
View Archived Source
Letter to Assessors No. 2006/010 (2006), California Board of Equalization.
[http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm Accessed 3/1/2012]
View Archived Source

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