How Current Property Taxes Can Transfer When You Move | Prop 19
California’s Proposition 19 , passed in 2020 and effective in 2021, changed important property tax rules that affect homeowners, families, and anyone planning to move or inherit property. If you own a home—or expect to inherit one—understanding Proposition 19 can help you make better financial decisions. What Is Proposition 19? Proposition 19 is a California law that impacts: - How property taxes transfer when you move - How property taxes are handled when a home is inherited It was designed to: - Help certain homeowners move without a large increase in property taxes - Change how inherited properties are taxed Part 1: Moving Without Losing Your Low Property Taxes One of the biggest benefits of Proposition 19 applies to: - Homeowners age 55 or older - People with severe disabilities - Victims of wildfires or natural disasters What It Allows If you qualify, you may be able to: - Sell your current home - Buy a new home anywhere in California - Transfer your existing (...