Seismic/Solar Transfer Tax Exemption (Prop N)
A partial exemption shall only apply to the initial transfer by the person who installed the active solar system or made the seismic safety improvements. The amount of this partial exemption shall not exceed the transferor’s cost of seismic retrofitting improvements or the active solar system. Multi-family residential properties are eligible for this partial exemption.
To qualify, the transfer must be an interest in real property used as a residence; AND the transferor must install an active solar system or make seismic retrofitting improvements or improvements utilizing earthquake hazard mitigation technologies.
Submission Deadline: Submit within one year from the date of payment of the documentary transfer tax a claim for transfer tax refund with all necessary documents including the approved solar/seismic exemption form.
Last updated: 1/22/15