Can I buy another house in a different county and transfer the base year value of my damaged house to my new house?
Under section 69.3, a principal residence that was damaged in an area that was a Governor-proclaimed disaster that occurred on or after October 20, 1991 may have its base year value transferred to a replacement residence in a different county only if the county has adopted an ordinance that allows such taxable value transfers. As of July 2010, there are nine counties that have such an ordinance: Contra Costa, Los Angeles, Modoc, Orange, San Francisco, Santa Clara, Solano, Sutter, and Ventura. The replacement residence must meet the following criteria: It must be purchased within three years of the disaster. Its market value must be of equal or lesser value than the market value of the damaged property immediately prior to the date of the disaster. Depending upon the year in which the replacement property is purchased, the market value of the damaged property is adjusted up to 115 percent when comparing with the replacement property. It must be eligible for the homeowners’ or disabled v
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- Can I transfer the base year value of my severely damaged/destroyed property to another county?
