savings for seniors

Savings for Seniors on Replacement Homes

California voters passed Propositions 60 and 90 to provide property tax relief to encourage a qualified person age 55 or older to sell his/her principal residence and purchase or construct a replacement residence of equal or lesser value. The purpose is to provide an incentive for persons age 55 or older to sell their residence move into less expensive homes without having to pay more in property...

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