Benefits of Prop 19 for sellers who are looking to buy replacements homes
If you or your spouse reached to age 55 and you are planning to sell and buy another
property, be sure select the agent who know about propositions.
You are in title to transfer you existing property taxes to new property within certain time limit, If your agent not familiar with propositions you may get hit with higher than taxes you were paying on your previous home.
Effective April 1, 2021 Prop 19 replaced props 60/90
On 60/90 home owners who had 55 years and older could transfer property tax to new homes only one in a life time, but prop 19 allows home owners to transfer property taxes 3 times in their life, but has more details. Please contact Citywide Group for more details.