Propositions 60 and 90
60 and 90 are Constitutional initiatives passed by California
voters. They provide property tax relief by preventing reassessment
when a senior citizen sells his/her existing residence and
purchases or constructs a replacement residence worth the
same or less than the original. They were enacted to encourage
a person, age 55 or older to "move down" to a smaller
residence. When a senior citizen acquires a replacement property
worth less than the original property, he/she will continue
to pay approximately the same amount of annual property taxes
How Do These Propositions Work?
When the senior citizen purchases or constructs a new residence,
it is not reassessed, if he/she qualifies. The Assessor transfers
the factored base value of the original residence to the replacement
residence. Proposition 60 originallyrequired that the replacement
and the original be located in the same county. Later, Proposition
90 enabled this to be modified by local ordinance. Los Angeles
County enacted an ordinance to provide that when the replacement
is located in Los Angeles County, the original property may
be located in any other California county.
The seller of the original residence, or spouse who resides
with the seller, must
be at least 55 years of age at the time of the sale.
Are These Propositions Effective?
The replacement residence must have been purchased or constructed
on or after November 5, 1986 if the original was located in
Los Angeles County. The replacement residence must have been
purchased or constructed on or after November 9, 1988 if the
ongmal was located in any other California county. Claims
must be filed within three years following the purchase of
the replacement residence.
Were Are Claim Forms Available?
They are distributed at Assessor's public counters, in Room
225 of the
Kenneth Hahn Hall of Administration, and in district offices.
If you need additional information, call (213) 893-1239.
Accepting Prop 90 Transfers:
Kern and Modoc rescinded Prop 90 transfers.