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  • Prop 19.’s property tax transfer a ‘godsend’ for Southern California seniors

Prop 19.’s property tax transfer a ‘godsend’ for Southern California seniors

06/05/2023 10:17 AM | Margaret Fulton (Administrator)

Prop. 19 allows homeowners 55 and older, the severely disabled or the victims of a wildfire to move their lower Prop. 13 tax base up to three times anywhere in California.

Before the law was enacted in 2021, homeowners only got one base tax transfer and it only worked if the new home was of equal or lesser value. Also, only a handful of counties at the time allowed the tax transfer. Today, owners can buy up with the price differential added to their property tax rate.

Read More: https://www.ocregister.com/2023/06/01/prop-19-s-property-tax-transfer-a-godsend-for-southern-california-seniors/?utm_email=8465240CA4A144A9249E548595&g2i_eui=N%2FNGLr3nPiQt7uOCaXp08GyBxQv1s6R%2F&g2i_source=newsletter&lctg=8465240CA4A144A9249E548595&active=yesD

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