03/25/2021
Prop 19 - https://www.caprop19.org/about
TAX SAVINGS FOR OLDER HOMEOWNERS
Thanks to Prop 19, seniors, retirees, and all homeowners aged 55+ can move closer to family, medical care, or to a home that better meets their needs anywhere in California without a
tax penalty. Prop 19 removed unfair location and price restrictions, allowing older homeowners to transfer the tax base of their home to a new home.
SAVINGS FOR HOMEOWNERS WITH SEVERE DISABILITIES
Prop 19 also removed unfair restrictions on Californians with severe disabilities, allowing homeowners to move to a replacement home anywhere in California without a tax penalty. Under Prop 19, homeowners with severe disabilities can transfer the tax base of their existing home to a replacement home up to three times.
What is Prop 19 in California? Prop 19 frees up inventory while providing tax avings for seniors, homeowners with disabilities, and wildfire victims.
