Prop 19. How To Move Your Property Tax Base | The Rich Group

Описание: California Proposition 19 is a constitutional amendment that allows homeowners to transfer the assessed value of their primary residence to a new home. It also limits the ability of heirs to keep the low property tax base on inherited properties.

Who can transfer their property tax assessed value?
Homeowners who are 55 or older
Homeowners who are severely and permanently disabled
Homeowners who are victims of a natural disaster or wildfire
What can be transferred?
The base year value of the original property, plus inflationary adjustments
The value can be transferred to a replacement property of any market value
The difference between the original and replacement property's market value is added to the transferred value
How many times can a property tax assessed value be transferred?
Up to three times per person, except for victims of a Governor declared disaster, who can use the benefit unlimitedly

**What are the benefits of Proposition 19?
Provides property tax benefits to homeowners
Funds wildfire response
Can it help local governments and schools gain property tax revenue?

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Anita Rich
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Keller Williams
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Studio City, CA 91604
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