For homes bought and sold in the same county sellers over 55 can transfer their current low tax base to a newly purchased home.
Proposition 60 was approved by California voters in 1986. As in any and all situations regarding your taxes you should always consult with your tax person (tax expert).
To qualify for Proposition 60 the home must be the principal residence and one of the property owners needs to be at least 55 years old on the day the house is sold. And, all Proposition 60 transactions must be completed within 2 years of the date of the sales.
(Photo of sailboats and Santa Barbara Harbor in the background from Instagram)
The 40th Annual Santa Barbara International Film Festival is rolling out the red carpet Tuesday,…
The Santa Barbara real estate market in 2025 is quite dynamic and continues to attract…
You may be wondering why a real estate blog would post something about Martin Luther King.…
Nearly a hundred thousand Los Angeles County residents are still under evacuation orders as of…
To our friends and neighbors affected by the recent devastating fires in Los Angeles, Santa Barbara extends…
In this post we will address some of the pros and cons of Rent Control…
