Propositions 60 and 90

By Carol Wolfe

If you or your spouse are 55 years or older and you are interested in selling your current home to move to or within Los Angeles you may be interested to know that there is legislation that could save you a considerable amount of money on your property taxes.  Propositions 60 and 90 were designed to create property tax relief for seniors wishing to buy replacement homes of equal or lesser value.

There are significant qualifications that must be met in order to qualify for these programs but it is well work looking into.  If you are unsure whether you qualify for these benefits give me a call and I will be happy to look at your current situation and explain how this legislation can help you in these challenging economic times.  I’m Carol Wolfe and nobody does it better!