PROPOSITION 19

California Proposition 19, Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment (2020)

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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!

Again, the best way to understand how these new rules will impact your property taxes is to speak with a certified tax professional or an estate planner. They can guide you through these new rules and help you plan ahead and make any changes to your estate plans.