| Information on Prop 60 and Prop 90. California propositions 60 and 90 provide property tax relief for citizens over 55 with a one time property tax base transfer. Find current South Bay homes for sale, real estate agents, and current home values in Southern California's South Bay. Find real estate listings with our free home search and South Bay MLS access, open houses, Realtors®, and our listings. Our free real estate services feature all South Bay cities and neighborhoods including Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Hollywood Riviera, Hawthorne, Hollyglen, and Palos Verdes. | |
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Keith Kyle - South Bay Brokers 2501 N. Sepulveda Blvd. Manhattan Beach, CA 90266 310-251-2344 Keith.Kyle@SouthBayBrokers.com |
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California Propositions 60 and 90 PROPOSITIONS 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.
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