09/09/2026
YOU DO NOT HAVE TO BUY CHEAPER TO BENEFIT FROM PROP 19.
A lot of California homeowners over 55 believe Prop 19 only helps if they downsize.
It does not.
Here is the example we break down in this video.
Current assessed value: $290,000
Sell your home for: $750,000
Buy your next home for: $900,000
If the replacement property is purchased within the first year after the sale, the threshold in this example is 105% of the sale price.
$750,000 × 105% = $787,500
The new home is $112,500 above that amount.
Only that overage gets added to the old assessed value.
$290,000 + $112,500 = $402,500
So although the homeowner purchased a $900,000 home, the estimated new assessed value in this example is approximately $402,500.
Using our illustrative 1.1% tax rate, that works out to about:
$4,400 per year instead of approximately $9,900 per year.
That is roughly $5,500 per year in potential property tax savings.
So if you have been thinking:
“I would move, but I do not want to buy something smaller.”
Prop 19 may give you more options than you realized.
Save this video or share it with someone who could benefit from understanding how this works.
We are breaking down Prop 19 one real world scenario at a time.
This information is provided for general educational purposes only and is not tax or legal advice. Prop 19 eligibility and property tax calculations depend on the individual situation. Always confirm your specific circumstances with the applicable county assessor and your CPA or tax professional. The tax rate used in this example is illustrative. Actual tax rates, bonds and special assessments vary by parcel. Information deemed reliable but not guaranteed.
LEKASA® Real Estate | DRE 01900996
Leo Chervin | DRE 01827072
Katherine Jankowski | DRE 01366857
Equal Housing Opportunity
