Considering relocating or downsizing in California but are concerned property taxes?
Posted by Paul Burrowes on
Proposition 19 may provide the solution you need.
Who Qualifies for Prop 19? Under this law, homeowners aged 55 or older, the severely disabled, and victims of wildfires or natural disasters can transfer the property tax base from their existing home to a new home anywhere in California. This could lead to significant savings on your annual property taxes.
Prop 19 allows you to move anywhere in California and transfer the low property tax base from your original home to a new home, even if the replacement property is of greater value. This transfer can be done up to three times for victims of wildfires or natural disasters.
Inside this Article:
- Proposition 19 may provide the solution you need.
- How Does Prop 19 help?
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