55 Over Seniors, Severely Disabled,
You can transfer the “taxable value” of your primary residence(original) to a replacement residence* anywhere in the state if you’re a beneficiary.
*Replacement residence must be purchased or newly constructed
within two years of the sale of the original home.
(Effective on April 1, 2021)
PROP.19 : Comparison
02. Anywhere in California
Same county / 10 intercounty ordinance counties > Anywhere in California
There is no more area limit. It had to be a same county or 10 intercounty ordinance counties before, but you can transfer your taxable value to replacement residence anywhere in California.
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*More details on here. The information contained in this page is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
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