El Dorado County To End Prop 90
Prop 90 to end in El Dorado County!
One of the perks of being over 55, is to take advantage of California’s Prop 60/90, allowing a one-time transfer of your home tax base value to another home of lessor value. Prop 60 covers transfers in the same county. Prop 90 covers from one county to another. Each county gets to decide if they will accept Prop 90 transfers from other counties.
El Dorado County was one of the few counties accepting Prop 90 transfers. On November 7, 2017 the El Dorado County Board of Supervisors voted to end the Prop 90 transfers for the county as of November 7, 2018.
I have had several clients who have taken advantage of this and clients hoping to take advantage of Prop 90. If this is something you were considering doing, or if you have friends/family thinking about this, you now have a deadline.
This does not affect those already approved.
For more information on both Prop 60 and Prop 90 please check out the California State Board of Equalization.