Do I Qualify?
To qualify for a Prop 90 tax base transfer, a few criteria must be met. First, either the claimant or claimant’s spouse must be age 55 or older when the original residence is sold. Second, the market value of the replacement residence must be equal to or less than the market value of the residence sold. Third, the replacement residence must be purchased or newly constructed within two years either before or after the current residence is sold.
The detailed requirements for the Prop 90 exclusion include, but are not limited to:
- The principal claimant or the claimant's spouse who resides with the claimant must be at least 55 years of age at the time the original residence is sold. The claimant must be an owner on record of both the original and replacement residences.
- The replacement residence must be equal to or lesser in value than the original residence. "Equal to or lesser in value" has been defined as: 100 percent of the market value of the original property as of its date of sale if the replacement dwelling is purchased before the original property is sold; 105 percent of the market value of the original property as of its date of sale if the replacement dwelling is purchased within one year after the original property is sold; or 110 percent of the market value of the original property as of its date of sale if the replacement dwelling is purchased between one and two years after the original property is sold.
- The replacement residence must be purchased or newly constructed within two years either before or after the sale of the original residence. The purchase or new construction of the replacement dwelling must include the purchase of that portion of land on which the replacement dwelling will be situated.
- The sale of the original residence must qualify for reassessment under the provisions of California Revenue and Taxation Code Section 110.1
- The principal claimant must have ONE of the following:
- Received, or was eligible for, a Homeowner's Exemption
- Received a Disabled Veteran's Exemption on both the original and replacement residences
- Relief pursuant to Section 69.5 (Proposition 60 and 90) of the Revenue and Taxation Code can be granted only once, except for certain circumstances regarding severely and permanently disabled persons as defined in Revenue and Taxation Code Section 74.3.
- Claims must be filed within three years from the date the replacement residence is purchased or newly constructed to receive full relief. Claims filed after the three year time period will receive Prospective Relief only. You must complete the claim form and provide evidence and/or declare under penalty of perjury that you are at least 55 years of age.
- Special rules apply to multi-unit dwellings and mobile homes. Please contact our office at 408-299-5300.
How Do I Apply?
Applications for Proposition 90 must be filed in the county where the newly purchased residence is located, and this must be a county participating in the Prop 90 program. The effective dates and filing fees vary from county to county.
For property owners interested in transferring their tax base value to Santa Clara County, a non-refundable processing fee of $85 is required. Checks should be made out to County of Santa Clara. Credit card payments* for the processing fee are accepted in person at our office. Application forms for Prop 90 requests may be obtained by contacting the Real Property Division of the Santa Clara County Assessor’s Office or downloading the form below.
*We accept VISA, Mastercard, Discover, and American Express. We do not accept credit card payments online at this time.
You may download the form here:
Mail completed forms to 70 West Hedding St, East Wing, 5th Floor, attention Prop 60/90/110.
Proposition 90 Participating Counties*
*Call to verify
|Alameda||November 9, 1988|
|El Dorado||February 15, 2010|
|Los Angeles||November 9, 1988|
|Orange||November 9, 1988|
|Riverside||September 19, 2013|
|San Diego||November 9, 1988|
|San Mateo||November 9, 1988|
|Santa Clara||November 9, 1988|
|Ventura||May 4, 1992|