An overview on California Proposition 19

What is California Proposition 19

California Proposition 19 is a constitutional amendment that is also known by the name “The Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act”. On November 3, 2020, Proposition 19 was approved by California voters. Proposition 19 provides the ability of those who inherit family properties from keeping the low property tax base providing they use the home as their primary residence.  Additionally Prop 19 allows for homeowners who are over 55 years of age, disabled, or victims of a wildfire or natural disaster to transfer their assessed value of their primary home to a newly purchased primary residence up to three times.

California Proposition 19 went into effect on 2/16/2021 and replaced Proposition 58 and Proposition 193 by limiting parent-and-child transfer and grandparent-to-grandchild transfer exclusions.  Proposition 19 also replaced Proposition 60 and Proposition 90 by expanding senior replacement home transfers which went into effect on 4/1/2021.

If you or a family member is inheriting a home from a parent and are interested in keeping a parents low property tax base and avoid property tax reassessment, you can call (877) 464-1066 for a free benefit analysis.