Prop 19: Want to transfer your tax base to your new residence?

January 21, 2021

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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!