California Property Tax is accessed on the sales price of a property times 1.25% and reaccessed each time you move on the new purchase price.  This makes it virtually impossible for those on a fixed budget to relocate, even if to downsize and survive.  Good News.  I found a loop hole in the tax code for all those over 55 years old at www.ww.law.com/prop60.htm.

Please let me know if you have any questions regarding this post or if there’s a certain subject that you’d like highlighted and I’ll do the research and post it to http://help.loreals.com

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