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Proposition 19, Property Tax Transfers Exemptions

On November 3rd, 2020 voters approved Proposition 19 (Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act), which makes sweeping changes to a property owner’s ability to transfer their Proposition 13 Assessed Value. The measure generally expands a qualifying homeowner's ability to transfer their assessed value and narrows the property tax benefits provided to inheritors of commercial and residential properties. The measure also adds new transfer provisions for victims of disasters and individuals severely handicapped.

Cal Prop 19 Modifications

Proposition 19 also substantially modifies and in some instances eliminates portions of the following initiatives:
Propositions 58 and 193: Excludes transfers between parent and child (58) or grandparent and grandchild (193) from reassessment.
Propositions 60 and 90: Homeowners 55+ years of age can sell their primary residence and transfer the base year value of that property to a replacement residence if certain conditions are met. Proposition 60 applies to intra-county transfers, while Proposition 90 applies to inter-county transfers under certain conditions
Proposition 110: Severely disabled persons can transfer the base year value of their primary residence to a replacement residence if certain conditions are met.

Do you qualify for Proposition 19?

Check to see if you qualify for Prop 19! If you qualify, Prop 19 allows you to transfer your property tax base to a new home anywhere in California, up to 3 different times! This can result in thousands and thousands of dollars in tax savings a year. Many homeowners save not thousands but tens of thousands over a year. Find out by reaching out to the Boyenga Team.

Let the Boyenga Team help guide you?

The Boyenga Team is here to offer guidance and representation, we handle the subtleties and nuances of Proposition 19, and can offer you a smooth and successful transition to your new property. Whether selling first or buying first we can help you navigate the proposition along with referring you to the best tax advisors to make sure you are following all the guidelines of proposition 19. Feel free to reach out to Eric and Janelle today.