PURCHASING IN EL DORADO COUNTY WITH PROP 60, 90 OR 110

Proposition 60 90 110 El dorado county

Propositions 60, 90 & 110 allow homeowners the ability to purchase a new home in El Dorado County and transfer their original property's older tax base year value.  The Menser Real Estate Group often assists out of area buyers to bring their tax base here. If you have any questions, don't hesitate to call, (916) 586-7766.

Prop 60

Anyone who meets the requirements to transfer the base year value from an original residence to a replacement residence within the county.

Prop 90

Unfortunately. this proposition expired November 7, 2018.

Prop 110

Any permanently disabled persons are able to transfer the base year value from an original residence to a replacement principal residence.

Requirements:

  • One of the property owners must be 55(Prop 60) or permanently disabled(Prop 110).

  • The original residence must have qualified for either a Home owner’s or a Disabled Vets exemption.

  • The sale of the original principal residence and the acquisition of the replacement principal; residence must both occur within a two year period.

  • The market value of the replacement principal residence must be equal to or less than:

    • 100 percent of the full cash value of the original property as of the date of sale, if the replacement dwelling is purchased or newly constructed prior to the date of sale of the original property.

    • 105 percent of the full cash value of the original property as of the date of sale, if the replacement dwelling is purchased or newly constructed within the first year following the date of the sale of the original property.

    • 110 percent of the full cash value of the original property as of the date of sale, if the replacement dwelling is purchased or newly constructed within the second year following the date of the sale of the original property.