'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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Rainmaker
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Vickie Nagy
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932 - San Ramon, CA
Broker for San Ramon, Danville, Dublin, Pleasanton

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.

Jan 13, 2012 10:22 AM #1
Rainmaker
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Dan Edward Phillips
Dan Edward Phillips - Eureka, CA
Realtor and Broker/Owner

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

Jan 13, 2012 10:31 AM #2
Rainmaker
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Robert (Bob) Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX Real Estate Expert

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..

Jan 17, 2012 01:54 PM #3
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Dan Edward Phillips

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