What is Proposition 19?
Proposition 19 is a California law that allows certain homeowners, especially seniors, people with disabilities, or those impacted by natural disasters, to transfer their current property tax base to a new home anywhere in the state. This means you can sell your home and buy a new one while maintaining your lower property taxes! 🎉
Who Can Benefit from Prop 19?
- Seniors (55+) looking to downsize or relocate.
- Disabled persons needing a home that better suits their needs.
- Homeowners affected by wildfires or natural disasters.
Why Should You Care?
If you’re considering selling your home and purchasing a new one in California, Prop 19 can help you keep more of your money in your pocket by preventing a sharp increase in property taxes. You can also transfer your tax base up to three times if you are 55 or older, which offers flexibility and financial stability. 📊
If you’re curious about how this law could impact your home-buying or selling experience, feel free to reach out to me. I’m happy to guide you through the process or answer any questions you have! 📝
