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California Proposition 60 and 90 (Homeowners Age 55+)

Posted By bbrian017 on Property - Propositions 60 and 90, passed in 1986 and 1988 respectively, are forms of property tax relief for California homeowners who are 55 years of age or older. The propositions allow homeowners to transfer their property tax base year value from their current home to their replacement home. The propositions are beneficial for 55+ homeowners because the property tax base for the original property is guaranteed to be much less than today’s property tax base based on the current fair market value.

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