Prop 19: Want to transfer your tax base to your new residence?
January 21, 2021
What is Proposition 19?
"Allows homeowners who are over 55, disabled, or wildfire/disaster victims to transfer
primary residence’s tax base to a replacement residence. Changes taxation
of family-property transfers.
Establishes a fire protection services fund."
Source: CA Voter Guide.
Click here to take a look at the CALIFORNIA ASSOCIATION OF REALTORS®
Quick Guide about Prop 19 for a breakdown of the changes on tax breakdown portability,
the impact on intergenerational transfers to children or grandchildren, when the law goes into effect, and more!