Proposition 19
The changes and how they may affect your transfer decisions in the future.
1 Permits homeowners who are 55, severely disabled, or whose homes were destroyed by wildfire or
disaster to transfer their primary residence’s property tax base value to a replacement residence of any
value, anywhere in the state.
2 Limits tax benefits for certain transfers of real property between family members.
3 Expands tax benefits for transfers of family farms. Allocates most resulting state revenues and savings (if any) to fire protection services and reimbursing local governments for taxation-related changes.
• Allows eligible homeowners to transfer their tax assessments anywhere within the state and allow tax
assessments to be transferred to a more expensive home with an upward adjustment
• Increases the number of times that persons over 55 years old or with severe disabilities can transfer their
tax assessments from one to three
• Requires that inherited homes that are not used as principal residences, such as second homes or rentals,
be reassessed at market value when transferred
• Allocates additional revenue or net savings resulting from the ballot measure to wildfire agencies and
counties
Please note that Prop 19 may affect your next escrow. Additional forms may be required.
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