Downsizing Does Not Mean Downgrading

Downsizing
Does Not Mean
Downgrading
Downsizing Does Not Mean Downgrading
PROPOSITION 60/90
Utilize your property tax breaks.
Propositions 60 and 90 provide property tax relief for homeowners 55 and over and allows them, under specific conditions, to transfer a base-year property value from an existing residence to a replacement residence.
Proposition 60 may allow transfers of base year valueswithin the same county, while Proposition 90 may allow transfers from one county to another county in California and it is the discretion of each county to authorize such transfers.
Prop 60/90 relief is a one-time filing.
The seller must be at least 55 years old.
The owner will need to file an application within three years of buying the replacement property.
The replacement property must be worth the same or less than the original property.
The base year value will be transferred once the original property is sold.

LIFE IS TOO SHORT.
START LOOKING AND START LIVING.
Call today for more information on
how to leverage this proposition.*
PRESENTED BY
HAJIA ZAFAR
(909) 552-3131
Lic# 01169977
*Contact your Attorney or Certified Public Accountant (CPA) for any legal advise. Currently the following ten counties in California have an ordinance enabling the inter-county base year value transfer: Alameda - Orange - San Mateo - Ventura El Dorado - San Bernardino - Santa Clara Los Angeles- San Diego - Riverside. The counties above are subject to change, we recommend contacting the county to which you wish to move to verify eligibility. The property tax office in Sacramento can be reached by calling: (916) 274-3350 or visit http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm. © First Team® Real Estate. All rights reserved. This is not intended to solicit listed property. If your property is currently listed for sale with a broker, please disregard.







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