REAL ESTATE
REAL ESTATE
Ask Ponytail
Top 1% Agent in East Bay
Ask Ponytail
Top 1% Agent in East Bay
What Proposition 19 Means to You and Your Family
What Proposition 19 Means to You and Your Family
On November 3, 2020, California voters approved Proposition 19, titled the Home
Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural
Disasters Act. Proposition 19 is a constitutional amendment that has several different
provisions affecting different parties, including wildfire victims and severely disabled
people, seniors looking to relocate within California, and children or grandchildren who will
eventually inherit property.
Current law allows a primary home to be transferred – by sale, gift, or inheritance -
between parents and children, and between grandparents and grandchildren, without
reassessment, and other types of properties, such as a vacation home, rental or
commercial property, to be transferred with the first $1 million exempt from reassessment.
On November 3, 2020, California voters approved Proposition 19, titled the Home
Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural
Disasters Act. Proposition 19 is a constitutional amendment that has several different
provisions affecting different parties, including wildfire victims and severely disabled
people, seniors looking to relocate within California, and children or grandchildren who will
eventually inherit property.
Current law allows a primary home to be transferred – by sale, gift, or inheritance -
between parents and children, and between grandparents and grandchildren, without
reassessment, and other types of properties, such as a vacation home, rental or
commercial property, to be transferred with the first $1 million exempt from reassessment.
Under Proposition 19, these tax breaks will be limited with fewer tax savings
Under Proposition 19, these tax breaks will be limited with fewer tax savings
opportunities.
Proposition 19 will allow homeowners who are over 55 years of age, disabled, or
victims of a wildfire or natural disaster to sell their primary residence and transfer
its assessed value to a replacement primary residence in any county in California up
to three times.
For more information, please visit: www.AskPonytail.com/prop-19
*Consult with an attorney/accountant to confirm how your circumstances apply to the new laws. Prop-19
comes with limitations and these statements are intentionally broad*
opportunities.
Proposition 19 will allow homeowners who are over 55 years of age, disabled, or
victims of a wildfire or natural disaster to sell their primary residence and transfer
its assessed value to a replacement primary residence in any county in California up
to three times.
For more information, please visit: www.AskPonytail.com/prop-19
*Consult with an attorney/accountant to confirm how your circumstances apply to the new laws. Prop-19
comes with limitations and these statements are intentionally broad*
FIND OUT YOUR HOME’S VALUE, GO TO
FIND OUT YOUR HOME’S VALUE, GO TO
www.ExpressHomeEstimate.com
www.ExpressHomeEstimate.com
DRE#01449007
/prop-19
/www.ExpressHomeEstimate.com
