PROPOSITION 90   Proposition 90 was enacted by the voters of California in November, 1988.  It provides an avenue for property tax relief to eligible senior citizens (age 55 or older) who sell their principal residence and purchase a replacement home of equal or lesser value in another county. 1   Under Proposition 13, the value of a home for property tax purposes is reassessed to market level whenever a change in ownership occurs. This usually results in higher property taxes for the purchaser of a new home.   Proposition 90 allows eligible senior citizens relief from reassessment when purchasing a replacement home of equal or lesser value in a county which has adopted the provisions of the law. 2 Those participating counties will accept transfers of property tax base assessments from other California counties.   The information contained herein is believed accurate as of  July 25, 2003. It is intended to provide general answers to general questions and is not intended as a substitute for individual legal advice. Advice in specific situations may differ depending upon a wide variety of factors. Therefore, readers with specific legal questions should seek the advice of an attorney.   Reprinted with permission from CAR - The California Association of Realtors® Legal Department

Proposition 90 Watch 6/15/05 Ordinarily under Proposition 13, the value of a home for property tax purposes is re-assessed to market level whenever a change in ownership takes place. This usually results in higher property taxes for the homebuyer. In November 1988, the state‘s voters approved Proposition 90, which is designed to induce greater turnover of homes owned by senior citizens. The measure provides anyone over the age of 55 with relief from Proposition 13 by allowing them to move from one county to another without undergoing a change in their basic property taxes. Proposition 90 is a "local-option" law; each county has the option of participating. If a county has adopted a Proposition 90 ordinance, it accepts transfers of property tax base assessments from other California counties. If the county that the homeowner is moving from does not have a Proposition 90 ordinance, this does not affect the eligibility of the homeowner. [Please note: Proposition 60 is a similar law passed by the state‘s voters two years prior to Proposition 90. It allows seniors to keep their property tax base assessment when they move within the same county.] Table I below lists the counties that have adopted a Proposition 90 ordinance. Table II lists the counties that have rejected Proposition 90. This information was last updated on June 15, 2005. TABLE I Counties which have adopted a Proposition 90 ordinance: Alameda San Mateo San Diego Orange Ventura Los Angeles Santa Clara TABLE II Counties which have rejected implementing Proposition 90:  [Counties with an asterisk * previously had a Proposition 90 ordinance then repealed it. All other counties listed in Table II never had a Proposition 90 ordinance.] Butte Merced San Bernardino Calaveras Modoc* Santa Barbara Contra Costa* Mono Santa Cruz El Dorado Monterey* Shasta Fresno Napa Siskiyou Inyo* Nevada Solano Kern* Placer Sonoma Lake Riverside* Stanislaus Madera Sacramento Trinity Marin* San Benito Tulare Mendocino San Luis Obispo Yolo REALTORS® who live in counties that do not have a Proposition 90 ordinance should not hesitate to lobby their board of supervisors to adopt one, even if the board has rejected a previous proposal. If you want to lobby your county board of supervisors to adopt a Proposition 90 ordinance, or extend an existing one, please contact C.A.R.‘s public policy division at (213) 739-8273 for more information.

For information on buying or selling east bay homes, please contact me at 510-429-4800 or send me a note on the Contact Joanne form. Thank you, Joanne P.S.  Be sure to add us to your favorite places. ~ Joanne L. Gardiner, Broker, e-PRO Realtor Advantage Realty Advantage Mortgage Associates 3205 Whipple Road - Union City, California 94587 (510) 429-4800 San Francisco Bay Area  ~ San Francisco East Bay Real Estate web site: http://www.joannegardiner.com Contact Joanne Our primary services in the San Francisco Bay Area are: East bay real estate,  Hayward real estate, Castro Valley real estate,  Danville real estate,  Dublin real estate,  Fremont real estate,  Newark real estate, Niles real estate, Pleasanton real estate, San Leandro real estate, San Lorenzo real estate, San Ramon real estate, Sunol real estate and Union City real estate.  The types of real estate in which we specialize are:  houses, homes, condominiums, townhomes, garden homes, PUDs, single family homes, manufactured homes, mobile homes, modular homes, duets, residential income property, duplexes, tri-plexes, four-plexes, small apartment complexes and special use properties. Search engines: Alameda County Homes, Homes in Alameda County, Alameda County real estate, Alameda County property, Contra Costa County Homes, Homes in Contra Costa County, Contra County real estate, Contra Costa property,  Castro Valley real estate, Castro Valley property, Castro Valley Homes, Homes in Castro Valley, 94546, 94552, Danville real estate, Danville property, Danville Homes, Homes in Danville, 94506, 94526,  Dublin Homes, 94568, Fremont real estate, Fremont property, Fremont Homes, Homes in Fremont, 94536, 94537, 94538, 94539, 94555, Dublin real estate, Dublin, property, Homes in Dublin, 94568, Hayward real estate, Hayward property, Homes in Hayward, 94540, 94541, 94542, 94543, 94544, 94545, 94557, Hayward homes, Newark real estate, Newark property, Newark Homes, Homes in Newark, 94560 Oakland real estate, Oakland property, Oakland Homes, Homes in Oakland, 94601, 94602, 94603, 94604, 94605, 94606, 94607, 94609, 94610, 94611, 94612, 94613, 94614, 94615, 94617, 94618, 94619, 94621, 94622, 94623, 94624, 94625, 94649, 94659, 94660, 94661, 94666, Homes in Piedmont real estate, Piedmont property, Piedmont, 94620, Pleasanton real estate, Pleasanton property, Pleasanton Homes, Homes in Pleasanton, 94566, 94588, San Leandro real estate, San Leandro property, San Leandro Homes, Homes in San Leandro, 94577, 94578, 94579, San Lorenzo real estate, San Lorenzo property, San Lorenzo Homes, Homes in San Lorenzo, 94580, San Ramon real estate, San Ramon property, San Ramon Homes, Homes in San Ramon, 94582, 94583, Sunol real estate, Sunol property, Sunol Homes, Homes in Sunol, 94586, Union City real estate, Union City property, Union City Homes, Homes in Union City, 94587, San Francisco real estate, San Francisco property, San Francisco East Bay real estate, San Francisco East Bay property, San Francisco East Bay Realty, San Francisco Bay Area Realty, Realty in San Francisco Bay Area, East Bay Realty, Bay Area Realty, homes in San Francisco east bay area, homes in San Francisco East Bay, San Mateo County real estate, San Mateo County property, San Mateo County Homes, Homes in San Mateo County, Foster City real estate, Foster City property, Foster City Homes, Homes in Foster City, 94404, Burlingame Homes real estate, Burlingame Homes property, Burlingame Homes , Homes in Burlingame, 94010, 94011, Menlo Park real estate, Menlo Park property, Menlo Park Homes, Homes in Menlo Park, 941025, 94026, Palo Alto real estate, Palo Alto property, Palo Alto Homes, Homes in Palo Alto, 94301, 94302, 94303, 94304, 94306, 94309