Within Santa Clara County (Proposition 60)
Please be advised that on November 3, 2020, voters approved Proposition 19 (Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act), which makes sweeping changes to a property owner’s ability to transfer their Proposition 13 Assessed Value. It also may change the process for claiming exclusions.
The information below describes how transfers, that occur prior to April 1, 2021, will be processed.
Effective April 1, 2021, Proposition 19 supersedes existing law and permits eligible homeowners (defined as over 55, severely disabled, or whose homes were destroyed by wildfire or disaster) to transfer their primary residence’s property tax base value to a replacement residence of any value, anywhere in the state
The most current information about the implementation of Proposition 19 is available at Proposition 19
Proposition 60 allows homeowners 55 years of age or older to transfer the base year value of their principal residence to a newly purchased or constructed replacement residence within Santa Clara County.
Construction has started if any physical activity on the property has resulted in visible changes that are recognized as the initial steps for construction.
The veterans' exemption may be applied to real or personal property located in the county, and exempts up to $4,000 off of the assessed value of the property
R & T Code 73, Assembly Bill 1451 (Ch. 538, Stats. 2008)
The property tax incentive for the installation of an active solar energy system is in the form of a new construction exclusion. Therefore, the installation of a qualifying solar energy system will not result in either an increase or a decrease in the assessment of the existing property.
Under California Constitution Article XIII A (Proposition 13) real property is reappraised only when a change in ownership occurs, or when new construction takes place.
