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On November 3, 2020, California Proposition 19 passed with over 51% of the 15 million votes cast. Taking effect on April 1, 2021, the passage of Proposition 19 ushers in an unprecedented tax benefit for Californians aged 55 years and older. As you may recall from our earlier blog post “California Proposition 19: What You Need To Know”, an individual 55 years or older can take the...
For years I have heard if I sold where would I go or my property taxes are so low I can't afford to move. Well for those 55 and older Proposition 19 just may be your answer. Let's meet and discuss how you can sell and reap all the benefits of this newly passed proposition. Robbyn Battles | 818-388-1631 | Robbyn@Thehouseagent.com The benefits for seniors through the passage...
PROPOSITION 19: WHY THE DELAY? Below is information received from LA County Assessor Jeffery Prang: "I am receiving more and mor...
Proposition 19 will supersede the old rules which limited this exemption to the sale and purchase of a principal residence within the same county (Proposition 60) or between certain counties (Proposition 90) — but only if the replacement property was of “equal or lesser value” and only one time. In addition, it is a constitutional amendment to Proposition 13 that now...
3 Top Blog Posts For January 2023 1: Homeowners over 55+ Prop19 Understand the new rules about selling and transferring property to children and grandchildren under Proposition 19. The new benefits and restrictions under Prop 19 Excerpt from the post: Unlike the previous rules, this law provides significant benefits even if the replacement residence is more expens...
Dear Friends, Hello! Welcome to February, It's time to catch up on things. As you know, housing is one of the most important aspects of life, whether you are a homeowner or a renter. So, in this letter, I'm sharing some of the latest news to help keep you up to date. On my home front, my mom is moving to North Carolina to live with my brother this month. If you have eve...
