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Senior Citizen's Replacement Dwelling Benefit Propositions 60 and 90 are constitutional initiatives which provide property tax relief for persons age 55 and older 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 residence. This allows the senior citizen to continue to pay approximately the same amount of annual property taxes as before.
Eligibility Requirements:
Proposition 60 is available when both the original and replacement properties are located within the same county such as Los Angeles County. Proposition 90 is available when the original and replacement properties are located in different counties. Please note not all counties have passed an ordinance allowing Proposition 90. A claim must be filed within three years of purchasing or completing new construction of the replacement property. If a claim is filed after the three-year period, relief will be granted begining with the calendar year in which the claim was filed. Once you have filed and received this tax relief, neither you nor your spouse who resides with you can ever file again. For more information or to obtain a claim form, contact the Assessor's Office for the county in which your property is located in.
Click on the links below to access the Tax Assessor's web site for the following counties: Please consult your Accountant prior to applying for any of the above exemptions and to determine whether there are other tax exemptions available to you. :: Residential/Land Office Listings :: Commercial Office Listings :: Submit An Offer :: Recently Sold Office Listings :: HUD Homes :: Management Infomation / Lease Listings :: Dream Home Finder :: Buyer Resources :: Free Buyer Reports :: Market Analysis :: Seller Resources :: Free Seller Reports :: Property Finder :: Investor Resources :: Tax-Deferred Exchanges :: Credit Approval Docs :: Mortgage Rates :: Calculators :: Preferred Services :: Schools :: Free Credit Report :: Property Tax Relief :: Mission Statement :: Staff Directory :: An Equal Opportunity Company. Equal Housing Opportunity. All rights reserved.
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