How Prop 19 Saves Seniors Taxes

Are you over 55 years old and want to save on your property taxes on your next move?  Don’t make a move before understanding California’s Prop 19!

If you feel stuck in your big two-story home and want to downsize now that the kids have flown the nest, you may be concerned about paying higher property taxes, but you don’t have to be.

Millions of older California homeowners feel trapped in homes that no longer meet their needs — and now Prop 19 lets them move without a tax penalty. Prop 19 allows seniors 55 and older to move ANYWHERE in California and keep their property tax basis from their existing home.

You can even buy a more expensive home and just pay a slight adjustment using a blended property tax re-assessment on the difference between the sold primary home and the newly purchased replacement residence.

The best news is… you can transfer your cheaper tax basis up to 3 times and are not restricted on where you move in California.

So let’s get moving!