Within Riverside County in Southern California, you have an option of transferring your original property tax values to your new home if you are 55 or over. As more and more people retire, and look for a better quality of life, down sizing, or simply relocating to be in a more active, age appropriate area, property tax values are a big concern. Most Counties in California passed Prop 60/90. Prop 90 allows you to use the tax base of your primary residence and transfer it to your new primary residence if it is lower than the new tax rate. The purchase value of the new home has to be equal to or less than your previous home. And you will need to be 55 or older to qualify. This can be a great advantage for someone that currently has a home with a tax rate based on a $200k purchase price and a low property tax rate. As we all know, property values have increased greatly over the years, and if you purchased that home more than 20 years ago, it is probably worth...