Prop 60

Replacement Residence Exclusion

This law allows qualifying Shasta County residents, 55 years of age or older, or any severely and permanently disabled person, to acquire a replacement dwelling, and transfer the taxable value of their original (former) property to the replacement. General eligibility requirements are as follows:

  • The claimant must be 55 years or older, must have owned the original property, and occupied it as his/her principal dwelling at the time of its sale.
  • The replacement property must be the principal dwelling of the claimant.
  • The original property of the claimant must be sold prior to making a claim for Proposition 60 relief.
  • The replacement dwelling must be of equal or lesser market value.
  • The replacement dwelling must be purchased or newly constructed within two years of the sale of the original dwelling (including the purchase of the land on which the residence is situated).
  • The claimant cannot have had previous property tax relief granted under this provision.

Qualifying claimants must supply the Assessor with specific information in the form of an application. Application must be made within 3 years of the date a replacement dwelling is purchased, or new construction of the replacement dwelling is completed.

You may fill-in, print out, sign and return the form Claim for Persons Over 55 Years for Transfer of Base Year Value to Replacement Dwelling.