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Posts Tagged ‘Propositions’

Proposition 60 and 90

Thursday, January 31st, 2008 by Christine Salvetti

Did you know that there is a way to keep your original tax base if you move from one property in Santa Barbara County to another property within Santa Barbara County?  If this sounds interesting; here are a few facts.

What Are Proposition 60 and 90?
These propositions provide a one time property tax benefit by preventing reassessment when a senior citizen (age 55 years or older) sells his/her existing residence and purchases or constructs a replacement residence worth the same or less than the original property.  This proposition either applies to the principal claimant of the original residence or a spouse who resides with the seller who must also be 55 years of age at the time of the sale.

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