BOE-60-NR - Notice of Rescission of Claim to Transfer Base Year Value to Replacement Dwelling

Until March 31, 2021, California law allows any person who is at least 55 years of age (at the time of sale of original/former property) who resides in a property eligible for the homeowners’ exemption (place of residence) or currently receiving the disabled veterans’ exemption to transfer the base year value of the original property to a replacement dwelling of equal or lesser value (Propositions 60/90/110). The replacement dwelling must be purchased or newly constructed within two years of the sale of the original property. A claim must be filed with the Assessor’s office within three years of the date the replacement dwelling is purchased or new construction of that replacement dwelling is completed.