California disaster victims who were displaced from their homes may transfer their principal residence’s base-year value for property tax assessment purposes to a replacement home in:
- Glenn County, effective January 16, 2020 (SBE Letter to County Assessors No. 2020/014); or
- Yuba County, effective April 11, 2019, applicable to replacement property purchased in Yuba County on or after October 20, 1991 (SBE Letter to County Assessors No. 2020/018)
The transfer is only available if the replacement home is of equal or lesser value than the damaged or destroyed home.
Under R&TC §69.3, disaster victims may transfer their damaged or destroyed home’s base-year value for property tax assessment purposes to a replacement property in counties that have adopted an ordinance authorizing such a transfer.
Currently, only the following counties authorize such a transfer:
- Contra Costa;
- Los Angeles;
- San Diego;
- San Francisco;
- Santa Clara;
- Ventura; and