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TAXATION. REPLACEMENT RESIDENCES. | ||||||||||
| Results | ||||||||||
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 Yes 80–90% 70–80% 60–70% 50–60%
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California Proposition 60 was an amendment of theConstitution of California relating to property tax assessments for older homeowners. It was proposed by theCalifornia State Legislature and approved by voters in areferendum held on November 4, 1986.
The amendment allows homeowners over the age of 55 to transfer the assessed value of their present home to a replacement home if the replacement home is located in the same county, is of equal or lesser value than the original property, and purchased or newly constructed within two years of the sale of the present property.[2]
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