Over 55? Get California Property Tax Relief.

Do you know that you can transfer your current low property tax base to your trade-down primary home if you are over age 55?

Prop 13 prohibits property tax increases until property ownership is changed.

If either spouse is over age 55 (when the old home is sold), PROP 60 allows replacement of a primary residence with a new home of equal or lesser value within the same county and transfer of the Prop 13 assessed valuation from the old home to the new property. This is allowed once in your lifetime, and a spouse who has done it before ‘taints’ both spouses.

PROP 90 allows counties to elect to accept transfers of Prop 13 values for moves from other counties when a primary residence is replaced with a less expensive home. If you are over 55 and move into a county which accepts Prop 90, you may take your old, lower Prop 13 value, regardless of from which county you move.

Using Prop 90, you can sell your $1,000,000 Sunnyvale home with assessed value $250,000 and move to a new $600,000 home in any of the 8 participating counties; the assessed value of your new purchased home will be $250,000! Wow!!!

Call Robert at 408-893-2410 if you are interested in finding more information regarding this property tax transfer benefit.

Robert Lei, REALTOR®, e-PRO®
Century 21 M&M and Associates
Cell: (408) 893-2410
www.SiliconValleyHouses.blogspot.com
rlei@c21mm.com
DRE# 01716389

Santa Clara County 2012 November Real Estate Report

Click one of the links below to see the Santa Clara County 2012 November Real Estate Report


http://siliconvalleyhouses.files.wordpress.com/2012/11/2012novemberrealestatereport.pdf

Cupertino Union School District (CUSD) Warren Hyde Middle School Surges in API Results

Cupertino Union School District (CUSD) Warren Hyde Middle School Surges in API Results

Examining the newly released 2012 Growth Academic Performance Index (API) scores for the Cupertino Union School District, the one result that glaringly sticks out is the sudden, huge improvement in API for Warren E. Hyde Middle School.  While the four other middle schools in the district barely budged, Hyde Middle School's API jumped a whopping +39 points to almost break the 900 barrier.

Sunnyvale Elementary School Gap Appears to be Closing

Sunnyvale Elementary School Gap Appears to be Closing

Posted Under: Home Buying in Sunnyvale, Home Selling in Sunnyvale, In My Neighborhood in Sunnyvale | October 17, 2012 11:56 AM | 13 views | No comments

The gap in performance between schools in the Sunnyvale Elementary school district appears to be closing, based on the recently released latest API results. For many years, we had Cherry Chase #1 and Cumberland #2 both FAR ahead of the rest of Sunnyvale schools in Academic Performance Index (API). Ellis Elementary then emerged as a clear #3 with the remaining schools still far behind.

However, the latest results show a strong improvement in Bishop Elementary (+25) and good improvement in San Miguel Elementary (+7) while a couple of the top schools Cherry Chase (-11) and Ellis Elementary (-4) dropped slightly. If Bishop Elementary and San Miguel Elementary continue their climb, they will break the 800 API barrier next year. From an investment point of view, you might be wise to buy houses in those two neighborhoods while they are still below the psychological 800 barrier.

By the same token, now may be the smart time to buy in the Cumberland Elementary neighborhood. Cumberland Elementary looks poised to overtake Cherry Chase as the #1 ranked school in the Sunnyvale School District. If/when that happens, it will be a huge psychological stimulus for Cumberland home prices.

Robert Lei, REALTOR, ePRO
Century 21 M&M and Associates
474 E. El Camino Real
Sunnyvale, CA 94087
(408) 893-2410

Make a video of your own at Animoto.

Taylor Morrison Cherry Blossom Townhomes Site Map and Floorplans

Taylor Morrison Cherry Blossom Townhomes Site Map and Floorplans


Posted Under: Home Buying in San Jose, In My Neighborhood in San Jose, Property Q&A in San Jose
September 10, 2012 6:35 PM
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Cherry Blossom is a new Townhome community built by Taylor Morrison in San Jose by the intersection of Jackson Ave & Pepper Way.



Here is a Site Map and Floorplans to show you the location of each unit relative to Jackson Ave and Pepper Way.

http://siliconvalleyhouses.files.wordpress.com/2012/09/taylormorrisoncherryblossomsanjosetownhome_sitemap_floorplans.pdf



Phase 1 will be the units along Jackson Ave, just north of the Sales office and Models. These will be available to move in by October 2012.



Phase 2 will be the units on the opposite (eastern-most) end of the community along Pepper Road. These units have already been spec'd and the price listed includes the upgrades that have already been chosen. These units will be available to move in by this November 2012.



Phase 3 will be the units one row in (west-ward) from the Phase 2 units. These will be available to move in by this December 2012

Saratoga 5yrs New Luxurious Custom-Built Home 18549 Paseo Pueblo Saratoga

Click Saratoga 5yrs New Luxurious Custom-Built Home 18549 Paseo Pueblo to see the flier.