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Prop 60 lets people 55 and older a one time transfer of their low property tax assessment value to another home of the same or lesser value. The new home must b
by njarboe 9y ago
Prop 60 lets people 55 and older a one time transfer of their low property tax assessment value to another home of the same or lesser value. The new home must be in the same county as the old one or in one of eight counties that accept transfers of base-year value from other counties.
How can people know about all these different laws that are very important to know if you want to plan well for your future. Seems like legal systems need some kind of lifespan so accumulated complications can be wiped away and a fresh start is possible (sort of like all living things are born and die). I suppose the founding fathers thought of this and included a constitution convention option for when a wholesale reset of the legal system is required. Bloody revolution not necessarily required.
- runamok 9y agoI posited that laws should be reviewed after X years and if there was not a compelling reason (with proof) to continue them then they would lapse. This would hopefully ensure that only really useful laws would even be bothered to be created. California with its props is a whole other ball of wax... :-)
- runamok 9y agoOh and in my empty nester scenario earlier they could be as young as 40 and as old as 70+ so not all would qualify. You definitely taught me something new though!