Proposition 90

About Prop 90

Prop 90 allows counties to elect to accept transfers of Prop 13 values for moves from other counties when a primary residence is replaced with a less expensive home, if certain conditions are met. If you are over 55 and move into a county which accepts Prop 90, you may take your old, lower Prop 13 value, regardless of from which county you move.

Using Prop 90, you can sell your $800,000 Orange County home [assessed value $50,000] and move to a new $400,000 home in San Diego County The new San Diego assessed value will be $50,000!

Prop 90 Conditions

The following conditions must be met for tax relief to be granted under Prop 60:

Props 60 and 90 apply if you "trade down" (i.e. the new home costs less than the sales price of the old home).
If you first buy a new home and then sell the old home, you must go down in price.
If you first sell the old home and then buy the new home,

Prop 90 Limitations

As of June 1, 2005, the following counties are participating in Prop 90:

Alameda
Los Angeles
Orange
San Diego
San Mateo
Santa Clara
Ventura

The following counties have dropped out of the Prop 90 program:

Contra Costa
Inyo
Kern
Riverside
Modoc
Monterey
Marin

Related Propositions

All information posted is deemed accurate, but can not be guaranteed. Please consult your local tax assessors office to verify current status and provisions of this proposition before selling your home.