Proposition 19 had 2 primary components to it. 1) Property Tax Portability for property overs over 55 years old 2) Intergenerational Transfers of properties. I recently was in a meeting with the Los Angeles County Assessor Jeffrey Prang, and he basically conveyed they were not prepared for the ... » Learn More about Intergenerational Transfers Under Proposition 19
Prop 19
Prop 19 Benefits – 55+ Property Tax Savings
This is a graphical breakdown of the beneficial elements of the property tax portability for California property owners over 55 years old. The benefit is also applicable to owners with Sever Disabilities, or victims of Wildfire and Natural Disasters. Homeowners who are 55 or over, severely ... » Learn More about Prop 19 Benefits – 55+ Property Tax Savings
California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes
Presently a senior person over 55 years old can transfer their principal residence property tax basis one time, between a handful of counties in the state, and the purchased property price is limited as it has to be for less than the sales price of the sold property, or the transfer can't be ... » Learn More about California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes