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Richard Shults
License #: 00903890

Richard Shults

Coldwell Banker Residential Brokerage

Urgent Property Transfer Tax Information

On December 12th, 2017, the El Dorado Board of Supervisors passed and adopted an early expiration to Proposition 90.

Proposition 90 allows homebuyers over the age of 55 to transfer the Proposition 13 value from their previous residence to a primary residence of equal or lesser value in a Proposition 90-enacted county.

Proposition 90 in El Dorado County had been scheduled to expire on October 1, 2021. 

It is now set to expire on November 7, 2018.

This applies to replacement dwellings in El Dorado County which are purchased or newly constructed on or after the effective date with “purchased” to include properties in escrow at the time of the effective date.   Retroactivity will not be permitted.

Our team in the Bay Area and Sacramento can help you make the move!  Call us today for further information.  We can send you available homes in the area and bring a current market analysis for your current home.

It’s a great time to make a move! Call us, we can help 408-398-3760!



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MetroList CA data last updated Jan 22, 2019 9:40:pm.   Terms of Use