As of April 1, 2021, Base Year Value Transfers for persons at least 55 and/or disabled have new guidelines as Prop 19 replaces Props 60/90/110.
The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act
Below you will see an outline of these updates.
| Prop 60/90/110 | Prop 19 | |
| Type of Property | Principal residence | No change |
| Timing | Purchase or newly construct residence within 2 years of sale | No change |
| Location of Replacement Home | Same County or County with intercounty ordinance | Anywhere in California |
| Value Limit | Equal or lesser value 100% if replacement purchased/newly constructed prior to sale 105% if replacement purchased/newly constructed in first year after sale 110% if replacement purchased/newly constructed in second year after sale | Any Value No adjustment to transferred base year value if the replacement property is of equal or lesser value than the original property’s market value. “Equal or lessor value” means: 100% if replacement purchased/newly constructed prior to sale 105% if replacement purchased/newly constructed in first year after sale 110% if replacement purchased/newly constructed in second year after sale Amount above “equal or lesser value: is added to transferred value |
| Number of allowed transfers | One time Exception: After using once for age, second time for subsequent disability | Three times |
Proposition 19 – The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act also replaces the following:
Proposition 58/193 – Parent-Child & Grandparent-Grandchild Exclusion
Proposition 50 – Intracounty Disaster Relief
Proposition 171 – Intercounty Disaster Relief
To see the source of this article as well as changes made to each specific proposition, please visit:
Board of Equalization
Treasury Funds Home Loans, Inc. for all your mortgage loan needs.