Posts Tagged ‘prop 90’
Understanding California Prop 60 and 90
In 2004, a client of ours sold the house she had lived in since 1973 (her primary residence). She purchased another, smaller replacement home for $515,000. Utilizing Proposition 60, she was able to transfer her property tax base from her old house to her new house. The new home is worth over $1,000,000 today and…
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