It may be beneficial to transfer a base year value if the purchase price (market value) of the new property is higher than the Proposition 13 taxable value of the original property.

If you qualify, taxes on the new property would be based on the Prop. 13 value of the original property, not the market value of the new property.

It would not be beneficial to transfer the base year value if the purchase price (market value) of the new property is lower than the Proposition 13 taxable value or the original property.

Before you decide to file a claim transfer a base year value, you should consider the following questions:

• What is the market value of the new property on the date of transfer?

• What is the full Prop.13 taxable value of the original property?

• Does the original property have a Prop. 8 reduced value due to market conditions?

Once you have answered these questions you can begin to analyze the values with the scenarios that may apply to you.