Re:America’s Fastest-Growing Loan Category Has Eerie Echoes ...
by dcldcl on Wednesday January 11, 2017 @04:07PM
(#13377486)
California also has Proposition 60 (the property tax one, not the porn one) and Proposition 90 [0].
These allow a one-time transfer of the base year property tax values within the same county (and between some counties) for homeowners over 55 looking to change properties.
The rules are a bit more complicated, but it seems like it would apply to Ms. White's situation and prevent the issue you've brought up.
These allow a one-time transfer of the base year property tax values within the same county (and between some counties) for homeowners over 55 looking to change properties.
The rules are a bit more complicated, but it seems like it would apply to Ms. White's situation and prevent the issue you've brought up.
It seems very few people know about this.
[0] http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm