We have clients ask us all the time various different things … today I was asked about the transfer of the clients Howard Jarvis, Proposition 13 transfer. He would like to move outside of Los Angeles County and would like to take his Prop. 13 with him since it was a state mandated law, he thought that he could do the one time transfer anywhere in the state … until he was told that he could not do that. So he called me and asked me, I confirmed that not all Counties cooperate with the transfer of the Prop. 13 adjustment. Currently there are eight Counties that offer the Inter-County transfer of the Prop. 13, Alameda, Los Angeles, San Diego, Santa Clara, El Dorado, Orange, San Mateo and Ventura Counties. His next question was what if I don’t want to move into any of those counties? My response, then unfortunately you won’t be able to bring your Prop 13 with you. Here is more information:
The law that allows for transfers of base year value between counties merely authorizes each county board of supervisors to adopt an ordinance accepting transfers from other counties. It is the discretion of each county to allow such transfers. The county in which your replacement property is located must have an ordinance that accepts intercounty transfers.
As of January 1, 2012, the following eight counties in California have an ordinance enabling the intercounty base year value transfer:
|Alameda||Los Angeles||San Diego||Santa Clara|
|El Dorado||Orange||San Mateo||Ventura|
Disclaimer: Since the counties indicated above are subject to change, we recommend contacting the county to which you wish to move to verify eligibility. This information comes from reliable sources but not guaranteed for accuracy. This information may change at any time and it is strongly advised that the buyer, seller or any party of any real estate transaction in any capacity do their due diligence, inspections, research and verification of information, condition(s), etc. on all details of the their purchase and/or sale.
For more information feel free to contact us at: 818-955-SOLD (7653).