I frequently hear from homeowners who are hesitant to move because they don’t want to lose their low property tax base. Many believe that buying a new home at today’s prices would result in skyrocketing property taxes—something they definitely don’t want to deal with, especially as they approach retirement. That’s where Prop 19 comes in to save the day.
Prop 19 is a law that allows homeowners aged 55 and up, as well as those who are disabled, to move to a new home without facing an overwhelming increase in property taxes. It also offers benefits for families who want to pass down their homes to their children, as long as the home continues to be used as a primary residence. It's a game-changer for many, yet surprisingly, not everyone is aware of this opportunity.
If you're curious about how this could apply to your situation, I’ve found a fantastic resource for you. This calculator will help you estimate what your property taxes could look like on a new home if you qualify for Prop 19.
Have questions or want to explore more about Prop 19? Feel free to email me at [email protected], and I’ll be happy to connect you with trusted experts and resources to help you make the most of this benefit.
