There are a number of tax relief programs available to seniors that, under certain circumstances, can prevent a property tax increase if they sell their existing home and buy another one.
Proposition 60 allows qualified senior homeowners the ability to transfer of the base-year value of their principal residence to a replacement dwelling located in the same county, under certain circumstances.
Transfer of Assessment to a Replacement Property by Senior Citizens
Real property sold or transferred between parents and their children, under limited circumstances, will not be reassessed.
Reappraisal Exclusion Between Parent to Child
Proposition 193 allows the new property owners to avoid property tax increases when acquiring property from their grandparents.
Reappraisal Exclusion from Grandparent to Grandchild