California Proposition 19, Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment (2020)
With Proposition 19 goes fully into effect last April 1, California homeowners who are age 55+, severely disabled OR victims of wildfire or natural disaster will be able to move:
ANYWHERE IN CALIFORNIA
TO ANY HOME, REGARDLESS OF PRICE
UP TO THREE TIMES
WITHOUT incurring a property tax hike!*
For more info, visit prop19.car.org
The information contained herein is intented to provide general information and is not intended as a substitute for individual legal advice. Consult a qualified real estate oe estate planning attorney with questions pertaining to a specific situation.
*Purchasing a more expensive replacement property will result in an adjusted property tax increase based on the original Prop 13 tax basis.
Talk to a a qualified California real estate attorney or tax advisor!