How To Transfer Your Property Tax Base in California

You have read that you can transfer your house tax base underneath California’s Prop 19 when promoting your primary home at age 55 or older. But how do you basically do this after you have purchased that perfect wine place retirement house?

Initially, get claim variety BOE-19-B (Claim for Transfer of Foundation Calendar year Worth to Replacement Major Home for Persons At The very least Age 55 Several years), as for every the California Board of Equalization) from the County Assessor’s office where by the replacement assets is situated.

Total that variety and post it to the identical business office. To qualify for this transfer, you need to file the assert inside of three many years of the date you purchased or done building of your replacement property. (But retain in mind you will need to comprehensive the substitute home obtain in two yrs of the home you have offered.)

Click here for a quickProp 19 Truth Sheet that will give you a lot more info on almost everything included with a assets tax foundation transfer.

And please get in contact with me, Eileen Bermingham ([email protected] | 415.823.4656), if you’re preparing to buy or market a property in San Francisco. I am often pleased to check with and help you strategize at no expense. I also have a fantastic agent network that can guide you if you’re getting or selling residence outside of San Francisco.