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 as before.
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.
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
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Kern and Modoc rescinded Prop 90 transfers.