Real Estate Property Tax Savings For Seniors

Real Estate Property Tax Savings For Seniors

Homeowners over 55 may benefit by Props 60 or 90

Real Estate Property Tax Savings For Seniors increase if you’re 55 or older.

Richard and JuliePropositions 60 or 90 passed by the state of California may allow you to retain an existing low property tax base when you purchase your next home.  These Propositions assume that after the age of 55 homeowners will be downsizing and purchasing less expensive homes.

Thanks to Proposition 13, which limits annual property tax increases, your current low tax base MAY be carried over to your replacement property in certain situations.

 

Learn About Propositions 60 & 90 to read about both Propositions and to determine your eligibility.

If you or someone you know requires the assistance of an Experienced Real Estate Agent, you can always find me online at Richard Yates Real Estate or call me at
(949) 395-6939.

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