Proposition 60 allows homeowners 55 years of age or older to transfer the base year value of their principal residence to a newly purchased or constructed replacement residence within Santa Clara County.
Construction has started if any physical activity on the property has resulted in visible changes that are recognized as the initial steps for construction.
The veterans' exemption may be applied to real or personal property located in the county, and exempts up to $4,000 off of the assessed value of the property
R & T Code 73, Assembly Bill 1451 (Ch. 538, Stats. 2008)
The property tax incentive for the installation of an active solar energy system is in the form of a new construction exclusion. Therefore, the installation of a qualifying solar energy system will not result in either an increase or a decrease in the assessment of the existing property.