California Proposition 60 and 90 – retirement and real estate.

California Proposition 60 and 90

Proposition 60 and 90 originally passed as constitutional tax initiative to provide tax relief by preventing property reassessment when a person, age 55 or older, sells their existing residence and purchase or constructs a replacement residence of equal or lesser value* than the original property.

This means you can keep your current property tax value and as long as the new property you’re moving to is equal or lesser value .