Prop 19 allows eligible homeowners to transfer the taxable value of their primary residence to a replacement primary residence anywhere in California, regardless of location or value, as long as the replacement residence is purchased or newly constructed within two years of the sale of the original primary residence.
Homeowners can save big on their annual property tax bills, whether they move to a replacement home that is the same price, more expensive, or less expensive than their original home.
See examples of how homeowners can save with Prop 19.
Think your clients would benefit from this tax break?
Here are four ways they can learn more about Prop 19 and how they could save money:
|Ask you, their REALTOR®.|
|Check their County Assessor’s website.|
|View a sample Prop 19 transfer form.|