Understanding California Prop 19
Property tax base transfer can be complex. We clarify how Prop 19 impacts your downsizing move in Solano County and how it can save you money.
What Prop 19 Means for You
In California, Proposition 19 allows homeowners who are 55 or older (or severely disabled) to transfer the factored base year value of their primary residence to a replacement home anywhere in the state. This can be done up to three times.
Will it make me more money? By allowing you to move without facing a massive property tax reassessment, Prop 19 can save tens of thousands of dollars over the lifetime of your new property, effectively preserving your wealth.
Why Get Expert Advice?
Complexity: The rules around the timing of the move, the value calculation, and the application process are strict.
Strategic Planning: As your transition manager, we ensure your move timeline aligns perfectly with the Prop 19 requirements to maximize your tax savings.
Trusted Referral: We connect you to a local CPA or Real Estate Attorney to guarantee your application is filed correctly and on time.