'Seniors' Tax Relief in Humboldt County, CA

By
Real Estate Agent with Dan Edward Phillips

Senior citizens 55 years of age or older and those who are severely and permanently disabled who live in Humboldt County, California may buy a residence of equal or lesser value than their existing home and transfer their current taxable value to their new residences.

This is very important in view of Proposition 13. This provides property tax relief for seniors and the disabled by preventing a tax increase if they sell their existing residence and buy another.

This is a ONE TIME ONLY program and you must buy and sell within two years.

The properties must be the ‘principle place of residence'.

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dan edward phillips
humboldt county
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Rainmaker
1,286,465
Vickie Nagy
Broker for San Ramon, Danville, Dublin, Pleasanton
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932

This is an important aspect for seniors living on a fixed income that need to down-size their home or move to be nearer the transportation corridor/grocery/medical facilities.

January 13, 2012 10:22 AM
Rainmaker
570,426
Dan Edward Phillips
Realtor and Broker/Owner
Dan Edward Phillips

Good Morning Vickie, thank you for adding your excellent comment and input, it is appreciated!

January 13, 2012 10:31 AM
Rainmaker
979,347
Robert (Bob) Gilbert
Your Katy TX Real Estate Expert
Berkshire Hathaway HomeServices Anderson Properties

Dan,

I like the sounds of that law and I personally think it is a good ide. As Vuickie above said seniors usually have to live on a fixed income. Lowering taxes is important to them and will attact move Seniors to move to your area.

I missed this blog prior to  today..

January 17, 2012 01:54 PM
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Rainmaker
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Dan Edward Phillips

Realtor and Broker/Owner
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