Be the first to like this
A resident over 55 years of age (one spouse qualifies) in California of Los Angeles, Orange and San Diego counties now have tremendous incentive to purchase a home in the Palm Springs desert area under Prop. 90! (The same applies to purchases within Riverside County under Prop 60.)
Prop 90 permits homeowners 55 years and over to retain, when they move, the “factored base year” assessment that determines how much they pay annually in property taxes.
According to the law, a property owner can relocate to another county, purchase a house there and pay the same amount of annual property taxes he or she was paying on the home sold in the original county, despite upgrading.
Text 87778 to L8888 for your Free home search mobile app or simply go to: http://87778.mobi/L8888 from your browser.