Base Year Value Transfer for Persons Aged 55 and Over

Who can use this service?

Anyone can use this service.

Is there a charge for this service?

This service is provided free of charge.

When and where is this service offered?

This service is available throughout the year during regular business hours except during scheduled holidays.

Location, directions and hours of operation

Click on location name to show hours of operation, directions and phone information

New Government Center

Monday - Friday 8-5

1055 Monterey Street Suite D360 San Luis Obispo, CA 93408

Tel: (805) 781-5643

Atascadero Office

Monday - Friday 8-4

6565 Capistrano Avenue Atascadero, CA 93422

Tel: (805) 461-6143

Fax: (805) 461-6159

Frequently Asked Questions

After receiving the notice that my application has been approved for a base year transfer, will I receive a refund of the taxes I already paid?

Yes, any over payments you have made will be refunded for the period following the effective date of the base year value transfer (i.e., the latest qualifying transaction).

If the full cash value of the replacement dwelling does not satisfy the "equal or lesser value" test, can I receive partial benefit?

No, unless the entire replacement dwelling satisfies the "equal or lesser value" test, no benefit is available. It is "all or nothing."  Partial benefits are not granted.

Is there any extension of the two-year period after I sell my home if construction on my new home is delayed due to unforeseen circumstances?

No, regardless of the reason, if the new construction is not completed within two years from the date of sale of the original property, the property will not qualify for property tax relief. There is no provision for exceptions due to hardship or other factors which may have prevented compliance.

What are the eligibility requirements for a transfer of base year value?

The requirements for a transfer of base year value are as follows: 

  1. You, or a spouse residing with you, must be at least 55 years of age when the original property is sold.
  2. The replacement property must be your principal place of residence and must be eligible for a Homeowners' Exemption or Disabled Veterans' Exemption.
  3. The replacement property must be of equal or lesser "current market value' than the original property.  The "equal or lesser" test is applied to the entire replacement property, even if the owner of the original property purchases the replacement property with other people.
  4. The replacement property must be purchased or built within two years (before or after) the sale of the original property.
  5. To receive retroactive relief from the date of transfer, you must file your claim within three years following the purchase date or new construction of the replacement property.
  6. Your original property must have been eligible for the homeowners' or disabled veterans' exemption either at the time it was sold or within two years of the purchase or construction of the replacement property.
  7. The original property must be subject to reappraisal at its current fair market value at the time of sale, therefore most transfers between parents and children do not qualify.
What does "equal or lesser value" of a replacement mean?

The market value of the replacement property, as of the date of purchase, must be equal to or less than the market value of the original property on the date of sale. The meaning of "equal or lesser value" depends on when you purchase the replacement property. In general, equal or lesser value means:

  1. 100% or less of the market value of the original property if a replacement property was purchased or newly constructed before the sale of the original property, or
  2. 105% or less of the market value of the original property if a replacement property is purchased or newly constructed with the first year after the sale of the original property, or
  3. 110% or less of the market value of the original property if a replacement property is purchased or newly constructed with the second year after the sale of the original property.

In determining whether the "equal or lesser value" test is met, it is important to understand that the market value of a property is not necessarily the same as the sale or purchase price. If the market value of your replacement dwelling exceeds the "equal or lesser value" test, no relief is available.

What if I plan to move to San Luis Obispo County from another County?

It is the decision of each County Board of Supervisors to adopt an ordinance accepting transfers from other counties. The San Luis Obispo County Board of Supervisors has never adopted such an ordinance.