Ordinarily under Proposition 13, the value of a home for property tax purposes is re-assessed to market level whenever a change in ownership takes place in California. This usually results in higher property taxes for the home buyer.
Proposition 90 provides homeowners who meet the requirements, to transfer the base year value from an original residence in any other county to a replacement residence in another county, providing the “gaining” county passed an ordinance authorizing the transfer. El Dorado County is the only rural California county to adopt Prop 90.
Please let us know if you are over the age of 55 and would like more details about the provisions of this Intra-County Base Year Transfers (Prop 90).