Prop 90: Good News for those looking at California Desert Real Estate
Are you ready to reinvent your life, explore your passions and live life to the fullest? If you’re like the 1,500+ other excited homebuyers on Trilogy at The Polo Club’s interest list, you have a strong desire to live in California’s beautiful desert, and you’re just waiting for the perfect time to look at desert real estate and make your move.
The good news is that with the approval of Proposition 90, the conditions couldn’t be more ideal for you to start your new life at Trilogy. Recently, Riverside County supervisors gave final approval for Prop 90, which is a game changing opportunity for California homebuyers looking to make a move and finally build their dream home.
The new law allows 55+ homebuyers in California to transfer their Prop 13 tax base from another California county into Riverside County, where Trilogy at The Polo Club is scheduled to have its Grand Opening this fall. By allowing this one time transfer, Prop 90 saves homebuyers tens of thousands of dollars in potential property tax payments and takes away the uncertainty and additional expense that moving into a new home with a higher assessed value would cause in the long run.
Prop 90 Eligibility:
- The replacement property must be your principal residence and must be eligible for either a Homeowners’ Exemption or Disabled Veterans’ Exemption. See further detail on each California exemption here.
- The replacement property must be of equal or lesser “current market value” than the original property.
- The replacement property must be purchased or built within two years (before or after) of the sale of the original property.
- Your original property must have been eligible for the Homeowners’ or Disabled Veterans’ Exemption.
- You, or a spouse residing with you, must have been at least 55 years of age when the original property was sold.
Prop 90 means the only thing you have to worry about is how soon you can start calling Trilogy ‘home’!
Trilogy at the Polo Club – The Coolest New Address in the Desert
The Polo Club is an exclusive gated community that offers an active resort lifestyle on a more intimate scale with approximately 750 homes planned at completion. Unique and innovative features will be the trademark of this upscale community, which will combine sophistication with a casual lifestyle in an understated modern, yet luxurious environment.
Conveniently located adjacent to the Empire and El Dorado Polo Clubs, Trilogy at The Polo Club is just down the street from PGA West and the exclusive Madison Club and Hideaway communities, and minutes from La Quinta Resort and the El Paseo art gallery and shopping district.
Trilogy residents will have easy access to top-flight destinations while living within the privacy and superior design of the community. This location is particularly peaceful, protected from the wind, congestion and noise of the I-10 corridor that some older communities suffer from.
The Polo Club is expected to sell out of homes quickly when sales open this fall. If you are interested in luxury desert real estate, we encourage you to sign up on the interest list to get details on the upcoming grand opening. For more information, stop by the Info Center at 51088 Sorrel Ct, Indio, CA 92201, visit TrilogyLife.com or call 1-800-685-6494.