Santa Cruz County Home & Community Information


Transfer your Property Tax Base - Good Information for Seniors downsizing in Santa Cruz County


save moneyAhh Property taxes, twice a year all homeowners get to write a nice check to their local tax assessor's office. In California, property taxes are based on the sales price of your home and cannot go up more than 2% per year thanks to Prop 13 passed in 1978.  This means if you purchased your home in Santa Cruz in 1985 for $150,000 your property taxes are going to be Much Less than someone who purchased a similar home in 2006 for $650,000.



For seniors and people over 55 looking to downsize in Santa Cruz, transferring your original property tax base to your new home is going to save you A LOT of money.  Proposition 60 allows people over 55 to transfer the assessed value from their original home to their new home.  For example:  You bought your home in 1985 in Santa Cruz County for $150,000.  In 2012 you decide you want to downsize.  You sell your home for $650,000 and buy a small condo for $400,000 in Santa Cruz County.  Since you bought in the same County and a property of lesser value than your original home you are able to keep your assessed property value from your original home and save $$$.

Proposition 60 is great for seniors looking to downsize in Santa Cruz county.  Here are a few quick guidelines to see if you can qualify to transfer your property tax base:

*You must be 55 or older

*Both properties must be Primary Residences

*You must buy and sell in the same County.  Some Counties in California allow you to transfer your tax base from another County but as of now Santa Cruz County does not.

*You must buy a home of equal or lesser value than your original home.  Let's say you sell your home for $600,000, you cannot buy a new home for $800,000 and transfer your property tax base to it.

*The replacement property must be purchased within 2 years of the sale of the original home.

For more information and to see if you qualify to transfer your property tax base contact the Santa Cruz County Assessor's office

If your are thinking about downsizing your Santa Cruz home and would like to know the value of your home and options for buying a smaller home please feel free to contact me at (831) 419-9345 ~ Jessica


55+ Adult Communities in Santa Cruz



Authored by Jessica Wallace, Santa Cruz Realtor

Search Santa Cruz Homes For Sale
What is your home worth?
Search All Homes For Sale
See Recently Sold Santa Cruz Homes
Jessica Wallace
Coldwell Banker
831 419 9345
Licensed In: Ca
License #: 01455690
Contact Me

You Can Also Visit Us At:      

Comment balloon 1 commentJessica Wallace • March 07 2010 01:15PM
Transfer your Property Tax Base - Good Information for Seniors…
TRANSFER YOUR PROPERTY TAX BASE - GOOD INFORMATION FOR SENIORS DOWNSIZING IN SANTA CRUZ COUNTY Ahh Property taxes twice a year all homeowners get to write a nice check to their local tax assessor's office. In California, property taxes are… more
Capitola Knolls - Condos in Capitola
CAPITOLA KNOLLS - CONDOS IN CAPITOLA The Capitola Knolls condos in Captiola is located between New Brighton State Beach and Capitola Village. This is a larger condo complex in Capitola of 164 units linked by pathways and green space. … more
What is the true cost of an Ocean View in a home in Santa Cruz?
WHAT IS THE TRUE COST OF AN OCEAN VIEW IN A HOME IN SANTA CRUZ? Depending on where you are buying a home having an Ocean View can add a huge cost to your home or condo. Nothing beats a beautiful Ocean View home The ocean is so… more
Santa Cruz Construction - Home Remodels in Santa Cruz, CA
SANTA CRUZ CONSTRUCTION - HOME REMODELS IN SANTA CRUZ, CA Improve Your Home Construction - Located in Santa Cruz, CA - General Contractor Jeff Peters - (831) 588-7467 Our Mission is to provide Quality Work On Time & On… more
Santa Cruz Spanish Speaking Realtor
SANTA CRUZ SPANISH SPEAKING REALTOR -Looking for a Spanish Speaking Realtor in the Santa Cruz County area? I am Jessica Wallace, Realtor y Hablo Español Most wouldn't guess that I do speak Spanish I took high school and college… more
The Villas of Capitola - Capitola Beach Condos
VILLAS OF CAPITOLA - CAPITOLA BEACH CONDOS The Villas of Capitola is a condo complex located in Capitola off Clares St between Wharf Rd and 41st Avenue. The Villas of Capitola are some the least expensive condos in Capitola I helped a… more
Santa Cruz on a Big Wave Day
SANTA CRUZ ON A BIG WAVE DAY When a big ocean swell hits Santa Cruz the whole aura of the town seems to change. There is a heightened level of excitement even if you are not a surfer for some reason, it must be contagious. Santa Cruz is a… more
Boulder Creek Homes - Home Prices in Boulder Creek, CA
BOULDER CREEK HOMES - HOME PRICES IN BOULDER CREEK, CA Boulder Creek, Ca is a small town in North Santa Cruz County located in the San Lorenzo Valley area off Highway 9. Boulder Creek has a quaint downtown with a few fun places to eat like… more
Is Santa Cruz one of the Happiest Places in the USA?
IS SANTA CRUZ ONE OF THE HAPPIEST PLACES IN THE USA? I read an article in the Santa Cruz Sentinel today about a new Gallup poll that was just released. This poll gauged people's happiness and well-being in different parts of the County. As… more
Going Solar may be Easier than ever in Santa Cruz and California
GOING SOLAR MAY BE EASIER THAN EVER IN SANTA CRUZ AND CALIFORNIA If you thought going solar would be out of your reach, California and Santa Cruz are working to implement programs that can help homeowners Go Solar A recent article in the… more