• The changes became effective on April 1, 2021

• Allows a homeowner who is over 55, disabled, or a victim of a wildfire or natural disaster to transfer the base year value to a new primary residence that is acquired or newly constructed within two years of the sale of the original primary residence, located anywhere in California, and of any value. 
• An application must be filed with the Assessor’s Office to apply for a Base Value Transfer.
• For a replacement home of greater value, requires the difference in the full cash values be added to the transferred base year value. 
• Allows homeowners who are over 55 or disabled to transfer the base year value three times. 

Proposition 60 and 90 are property tax savings programs for homeowners age 55 or better who sold their home and bought another of equal or lesser value before April 1, 2021. It allows the taxable value of the original home to be transferred to the replacement home, preventing an increase in property tax due to the relocation.

Eligibility Requirements:

• Homeowners must be age 55 or better (For married couples, only one spouse must be 55 or better to qualify.)
• Homeowners must have sold their former residence within 2 years of purchasing the replacement property
• Both the former and replacement properties must be the owner’s primary residence
• The market value of the replacement property must be equal to or less than the market value of the former residence 

Also under the provisions of Revenue and Taxation Code Section 69.5, homeowners who are severely and permanently disabled may transfer an existing Prop 13 factored base year value to a replacement residence, if certain qualifying conditions are met.