Yes, you may be eligible to transfer the amount you pay in property tax to a new home here in California. This is a great option for someone who has owned their home for a long time and are looking to buy a new home. It is a one-time option. Here is the basics of how it works:
- You must be 55 or be severely or permanently disabled
- Both homes must be in the same county or a participating county
- The new home must be equal or less in value of the home you are selling
Of course there are a lot more in's and out's of how this works so please check out this website for more details Prop 60, 90 & 110
