State
California
Year
2017
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 homeowners 55 years old or older to transfer the tax savings within the same county, if it is a participating county. Proposition 90 allows transfers to a participating county. Proposition 110 allows transfers for severely disabled homeowners to new properties either within or to a participating county. 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. Manufactured homes are eligible for the benefit.
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 Proposition 60/90 apply to Proposition 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 Proposition 110 if they have become severely and permanently disabled after transferring base year values under Propositions 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_RR17
Footnotes
Sources
View Archived Source
Propositions 60/90 (Transfer of Base Year Value) [http://www.boe.ca.gov/proptaxes/prop60-90_55over.htm#FAQs Accessed on 10/17/2018] View Archived Source
Proposition 110 (Transfer of Base Year Value) [http://www.boe.ca.gov/proptaxes/faqs/propositions110.htm Accessed on 10/17/2018] View Archived Source