Any person over the age of 55 years or any person severely and permanently disabled, as provided in Revenue and Taxation Code § 69.5, who resides in property that is eligible for the homeowner’s exemption under subdivision (k) of Section 3 of Article XIII of the California Constitution and § 218 of the Revenue and Taxation Code may transfer, subject to the conditions and limitations provided in § 69.5 of the Revenue and Taxation Code, the base year value of that property, provided that the property is located in the State of California and outside of San Bernardino County, to any replacement dwelling of equal or lesser value which is located within San Bernardino County and is purchased or newly constructed by that person as his or her principal residence within two years of the sale by that person of the original property, provided that the base year value of the original property shall not be transferred to the replacement dwelling until the original property is sold.
(Ord. 4259, passed - -2014)