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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: CA property tax relief based on age and income... Posted by Jk (the other JK) on November 23, 2004 at 3:01 PM In Reply to: CA property tax relief based on age and income... posted by Ward-CA- on November 22, 2004 at 8:44 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 Actually it if you are moving from one County to another you may get reassessed even if over the age of 55. Only certain counties will allow a reassessment exception from another County if they have an agreement. Try calling the County Assessor to be sure: http://www.berkhills.com/news_archiveSp04.html Follow Ups: 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 : Actually it if you are moving from one County to another you may get reassessed even if over the age of 55. Only certain counties will allow a reassessment exception from another County if they have an agreement. Try calling the County Assessor to be sure: : http://www.berkhills.com/news_archiveSp04.html 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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