Base Year Value Transfer Age 55+
Overview
Until April 1, 2021, Propositions 60/90 allow persons aged 55 and over to transfer the taxable value of their existing home to their new replacement home, so long as the market value of the new home is equal to or less than the existing home's value and located in Marin County or one of nine other participating counties in California.
After April 1, 2021, Proposition 19 allows eligible homeowners to transfer the taxable value of their existing home to their new replacement home of any value (subject to conditions outlined in Prop. 19), anywhere within the state, up to three times.
Please refer to the California State Board of Equalization Proposition 19 and Proposition 60/90 webpages for more information.
Forms
Application form for Base Year Value Transfer for homeowners age 55+ on or after April 1, 2021:
Claim for Transfer of Base Year Value to Replacement Primary Residence for Persons at Least Age 55 Years: BOE-19-B
Application form for Base Year Value Transfer for homeowners age 55+ prior to April 1, 2021:
Claim of Persons 55 Years of Age for Transfer of Base Year Value to Replacement Dwelling Within County: BOE-60-AH
Details
Base Year Value Transfer — Persons at Least Age 55
| |
Former Law |
Proposition 19 |
| Type of Property |
|
|
| Timing |
- Purchase or newly construct residence within 2 years of sale
|
- Purchase or newly construct residence within 2 years of sale
|
| Location of Replacement Home |
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| Value Limit |
- 100% if replacement purchased/new construction prior to sale
- 105% if replacement purchased/new construction in first year after sale
- 110% if replacement purchased/new construction in second year after sale
|
- Any value
- Amount above 100% is added to transferred value
|
| How many transfers? |
- One time
- Exception: After using once for age, second time for subsequent disability
|
|
| Implementing Statute |
- Revenue & Taxation Code section 69.5 (implements Propositions 60/90/110)
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| Important Dates |
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(Additional details and FAQs available at the California State Board of Equalization Proposition 19 and Proposition 60/90 webpages)
Please contact the Marin County Assessor’s Change in Ownership Division to apply for the exclusion or if you have additional questions. The Assessor’s Office is available by phone at (415) 473-7215 or via email.
In-person assistance is available on a limited basis. Please use our appointment calendar to schedule your appointment with the Real or Personal Property divisions of the Assessor’s Office. Office hours are 9:00 a.m. – 4:00 p.m., Monday through Friday.
Assessor’s Office / Civic Center Room 208 / Office Visit by Appointment Only — Appointments Available 9:00 a.m. to 3:00 p.m. Call (415) 473-7215 or email us.