Asked by Lu, California, San Bernardino, CA • Thu Mar 14, 2013
I sold my home for $600,000 10 months ago, for which I was paying $7,380 of property tax. Then I purchased a smaller home for $350,000, the property tax is going to be $5,250. I do not see any benefit from filing for the "Transfer of Tax Base for Person aged 55 and Over". Am I right? Will anyone share your knowledge in this matter?
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