Prop 60/90 has anyone activated it?

[maverick]

New to the community here.

We are moving my MIL to San Diego to be with us and selling her home in Los Angeles.

Would like to know if anyone here has successfully activated Prop 60/90 and what has been your experience.

Also, do you know how I could find an expert to ask questions about this proposition? It would have to be someone familiar with Real Estate Law.

Thanks in advance!

[bearishgurl]

Here is a link to Prop 60 provisions.

http://arcc.co.san-diego.ca.us/services/reapp_ex_prog.aspx

Call (619) 531-5481 with questions.

I knew a co-worker who successfully did it. She just moved within the county from a house to a condo.

It is a one-time-only benefit. Make sure your MIL will be buying her (hopefully) last house before applying for it.

[UCGal]

A friend’s mom did it when she moved from a SFR to a townhome upon retirement. This was within SD county.

My dad looked into it when he downsized – but we were buying the family homestead from him -and it’s an “or” thing, not an “and” thing… so the value of his prop 60 rate, vs the value of our prop 58 rate – we did the math and took the prop 58 rate. (We kicked in to his now higher taxes till he sold that place.)

For us to get the prop 58 rate we had to file paperwork when we purchased. This included birth certificates (showing he was my father). And then about 6 months later we got the lower rate. It was not instantaneous.

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