Julie Leitzell
415.309.7074
fax 415.945.6339
Julie.Leitzell@SothebysRealty.com




Senior Citizens who are staying in their home but who may need help in the future for rides to doctor appointments, help around the house, etc. should register with:

http://www.marinvillage.org/

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There is a free Lecture with nationally renowned osteoporosis expert Dr. Steven Harris. "Facts and Fiction: Osteoporosis and Osteopenia" on Friday, January 14, from 5pm to 6pm. This is an exceptionally good opportunity to find out more firsthand from the leading expert on osteoporosis and osteopenia.   Please RSVP, call the Mt. Tam Racquet Club at 924-6226, ask for Marion at Ext. 36.

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 A class titled "Celebrate Retirement" begins on Thursday February 4 at 7:10 pm and is held every Thursday through March 18 at College of Marin.  It explores ways to 'reinvent yourself' and think of retirement as a beginning of a new adventure.   For more information, call 485-9305.

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Update on counties you are able to transfer your current property tax base TO

This question came up at the seminar yesterday.   Here is the latest list from the State Board of Equalization:

 

Currently, each of the following seven counties has an ordinance implementing the intercounty base year value transfer provisions of section 69.5 of the Revenue and Taxation Code (Proposition 90):

Alameda Orange San Mateo Ventura
Los Angeles San Diego Santa Clara  

 

If the replacement property is in a different county than the original property, only the replacement property (not the original property) must be located in one of these seven counties. If a county has an ordinance, it will accept a base year value transfer from any other county in California as long as all the requirements are met.


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'RIGHTSIZING SEMINAR'
Those who read about the October 1 seminar in one of the Marin Scope newspapers are welcome to attend the seminar beginning at 4 pm on Thursday.   It's in the Garden Room at the Marin Art and Garden Center.

Please call 945-6311 to leave an RSVP or a question.   I'll be checking messages frequently.
Thank you!

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What are the rules about keeping your property tax in Marin County if you're over 55 and want to sell your house?

Which seven counties in California accept your current property tax base if you move there?

What are the real estate prices like in other areas?

As a Senior Real Estate Specialist, I'm happy to sit down with you and go over information on property tax, capital gains, reverse mortgages and housing options for your 'prime time' years.

Here are some basics on the one-time only property tax transfer for those over 55:



Proposition 60 and Proposition 90

Here are the rules from the California State Board of Equalization regarding the one-time opportunity to keep your property tax base if you are over 55 and if move within Marin County.    These rules also apply if you sell your home in Marin County and move TO one of seven counties that accepts your current property tax base:

    1. Both properties must be located in the same county, unless the county in which the replacement residence is located has an ordinance that allows intercounty base year value transfers.
    2. As of the date of transfer of the original property, the transferor (seller) or a spouse residing with the transferor must be at least 55 years of age, or be severely or permanently disabled.
    3. At the time of sale, the original property must have been eligible for the Homeowners' Exemption, or entitled to the Disabled Veterans' Exemption.
    4. Generally, the replacement dwelling must be of equal or lesser value than the original property.
    5. The replacement dwelling must have been acquired or newly constructed within two years of (before or after) the sale of the original property.
    6. The owner must file an application within three years following the purchase date or new construction completion date of the replacement property.
    7. The original property must be subject to reappraisal at its current fair market value. Therefore, transfers of the original property that are excluded from reappraisal      (e.g., most transfers between parents and children) will not qualify.
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