Persons 55+ Tax base transfer

California offers Seniors the Property Tax Postponement Program as well as the Intra-County/Inter-County transfer of base year value to replacement primary residence for persons at least 55 years of age.

  1. DESCRIPTION
  2. Frequently Asked Questions
  3. FORMS & RESOURCES

Property Tax Postponement Program

California's Property Tax Postponement Program allows senior citizens and disabled persons with an annual household income of $45,000 or less to apply to defer payment of property taxes on their principal residence. Please visit the State Controller's website for applications and more information regarding this program.

Learn more about tax saving programs and benefits available to you on the California State Board of Equalization's Tax Tips for California Seniors website.

Intra-County Base Year Value Transfer (Proposition 60)
Replaced By Proposition 19 As Of April 1, 2021

(For transfers that occurred through March 31, 2021)

Proposition 60 allowed eligible homeowners to transfer the taxable value of their existing home to their new replacement home, so long as the market value of the new home is equal to or less than the existing home's value and located in Placer County.

  • Owner must be at least 55 years of age.
  • Both original and replacement properties must be utilized as a principal residence.
  • Replacement residence must be purchased or newly constructed within two years of the sale of the original property.
  • Location of replacement home must be in the same county as the original property.
  • Replacement property must be of equal or lesser value.

Base Year Value Transfer-Persons At Least Age 55
Proposition 19-Effective April 1, 2021

Proposition 19 allows eligible homeowners to transfer the taxable value of their existing home to their new replacement home of any value (subject to conditions), anywhere within the state, up to three times (rather than once as provided under Proposition 60).

  • Owner must be at least 55 years of age.
  • Both original and replacement properties must be utilized as a principal residence.
  • Replacement residence must be purchased or newly constructed within two years of the sale of the original property.
  • Location of replacement home can be anywhere in California.
  • Replacement property can be of any value.
    Note: Amount above 100% of original property is added to transferred value.