All About Props 60 & 90

Happy Friday folks! The real estate market is in full swing and we are here to help. I would like to share some information with you regarding Propositions 60 and 90 and how it can benefit you as a seller in California. Propositions 60 and 90 allows persons over the age of 55 to transfer their tax base from a previous primary residence to a new home anywhere in California. This is great for those who want to downsize or move to another area. Many retired homeowners and empty nesters with too much space and plenty of equity in their homes hesitate selling their properties to downsize out of fear of having of paying higher property taxes based on the purchase price of their replacement home. Propositions 60 and 90 take away some of the financial anxiety and burden of property tax by allowing sellers to carry over their existing low property taxes to the replacement property. Click the links below to read more about the details. If you are thinking of selling, downsizing or moving out of the area, please contact Hatch Realty Group today to see how this can impact your move and how to benefit from Propositions 60 and 90. Have a great weekend everyone!

Sincerely,
Monica Sagullo - Broker

Read about Propositions 60 & 90 HERE.
Read about Proposition 19 HERE.
Access the application HERE.