25 Money-Making Tips For Preparing Your Home To Sellby Jack Lees If you desire to sell your home for top dollar, and in YOUR time frame, you need to do two things: 1) Get control of your
Nov 2 2019 38376 2
Dated: November 2 2019
Views: 114
Transfer Your Low Property Tax Rate to Your New Purchase
Proposition 60/90 or called the “Empty Nest Act” was enacted on July 23, 1987 and provided that persons who are over 55 years of age may buy a New Home of equal or lesser value and transfer their “base year” taxes to the New Home. This meant that after the kids move out, Mom and Dad could downsize and not be penalized by having to pay property taxes on the current value on their New Home purchase.
The home must be in the same County (prop 60) or anywhere in the State of California (prop90). Some rules apply. Counties accepting the Prop 90 are Alameda, Kern, Los Angeles, Marin, Modoc, Monterey, Orange, San Diego, San Mateo, Santa Clara and Ventura. For more information, call Jack Lees at 818 262-0924. I’m here to help!
Latest Blog Posts
Is Now the Right Time to Buy? 12 Factors to ConsiderThe real estate market is booming and many buyers are looking for a new home. One key reason the housing market is prospering is low mortgage
Renters face bidding wars as supply dries upBidding wars are becoming so common that they’re even impacting the rental market, as numerous want to be tenants vie for a dwindling supply of homes
Is Now the Right Time to Buy? 12 Factors to ConsiderThe real estate market is booming and many buyers are looking for a new home. One key reason the housing market is prospering is low mortgage
Based on information from California Regional Multiple Listing Service, Inc. as of October 19, 2021 5:41 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 