Form BOE-60-NR Notice of Rescission of Claim to Transfer Base Year Value to Replacement Dwelling Under Revenue and Taxation Code Section 69.5 (Propositions 60 / 90 / 110) - County of Riverside, California

What Is Form BOE-60-NR?

This is a legal form that was released by the Assessor-County Clerk-Recorder - County of Riverside, California - a government authority operating within California. The form may be used strictly within County of Riverside. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is BOE-60-NR?
A: BOE-60-NR is a form for the Notice of Rescission of Claim to Transfer Base Year Value to Replacement Dwelling.

Q: What does BOE-60-NR do?
A: BOE-60-NR is used to rescind a claim to transfer the base year value of a property to a replacement dwelling under Revenue and Taxation Code Section 69.5, which relates to Propositions 60, 90, and 110.

Q: Who is the form applicable to?
A: The form is applicable to residents of Riverside County, California.

Q: What is the purpose of Proposals 60, 90, and 110?
A: Propositions 60, 90, and 110 allow eligible homeowners aged 55 or older to transfer the base year value of their primary residence to a replacement dwelling, potentially resulting in property tax savings.

Q: When would someone use BOE-60-NR?
A: BOE-60-NR would be used when someone wants to revoke or withdraw their claim to transfer the base year value to a replacement dwelling.

Q: Are there any specific requirements to use this form?
A: Yes, the form can only be used if the claimant has previously filed a claim to transfer the base year value and now wants to rescind that claim.

Q: Can I use this form if I am not a resident of Riverside County?
A: No, this form is specifically applicable to residents of Riverside County, California.

Q: What happens if the claim to transfer base year value is rescinded?
A: If the claim is rescinded, the base year value will not be transferred to the replacement dwelling and property taxes may be calculated based on the current market value of the replacement dwelling.

Q: Is there a deadline to submit this form?
A: There may be a deadline, and it is recommended to contact the County of Riverside or consult the instructions of the BOE-60-NR form for specific information about deadlines.