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How do you take your existing tax rate with you?

I understand that since Sept 2013, riverside county once again allows someone from LA county to take their existing tax rate with them up to the value of their house that was sold. So my question is how is that assigned to the new house purchase?
  • April 18 2014 - Temecula
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Answers (2)

Here's where you can find a list of counties that have reciprocal relationships with regards to transferring tax bases under Proposition 90:

http://www.car.org/governmentaffairs/localgovernmentaffairs/prop90/

And here's some more information from Riverside County on how this works:

http://www.countytreasurer.org/TaxCollector/Proposition13andOthers/Proposition6090.aspx
  • April 18 2014
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Yes, Riverside does now allow the transfer of your existing tax base from LA County and 8 others.  To be eligible for Proposition 90 tax break, one spouse must be over 55 or severely disabled.  
The replacement property must be of equal or lesser value (possibly within 5% for inflation).  The buying & selling of the properties must be within 2 years of each other.  For possible changes, clarification and more information, please call the County Assessors office in any county.
For information on which counties allow the transfer and other info, go to http://sandiegohomes4u.com/Proposition-90.htm
  • April 18 2014
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