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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] CA property tax relief based on age and income... Posted by Ward-CA- on November 22, 2004 at 8:44 PM In Reply to: CA Property Taxes posted by JK on November 22, 2004 at 8:27 PM : Hello : Is anyone familiar with the one time opportunity in CA for someone to carry over their property tax basis to a new home? : ex - Older couple has owned a home since 1970 so their prop taxes are based on the original purchase of say $20,000. - They downsize to a new home that now costs $300,000 but their propety taxes will stay low based on the $20K home. : Is this available statewide or only in select counties/areas? : Thank you. ~~~~~~~~~~~~~~~ JK, For fairness the rule is applied equally throughout CA. Ward Follow Ups: Re: CA property tax relief based on age and income... Jk (the other JK) 3:01 PM, 11/23/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Hello : : Is anyone familiar with the one time opportunity in CA for someone to carry over their property tax basis to a new home? : : ex - Older couple has owned a home since 1970 so their prop taxes are based on the original purchase of say $20,000. - They downsize to a new home that now costs $300,000 but their propety taxes will stay low based on the $20K home. : : Is this available statewide or only in select counties/areas? : : Thank you. : ~~~~~~~~~~~~~~~ : JK, : For fairness the rule is applied equally throughout CA. : : Ward Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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