Under Prop. 19, older homeowners can move closer to family or medical care, or retire anywhere in California and purchase a home that better meets their needs, regardless of price, and transfer the property tax base of their original home to the new home. ere are just a few of the ways Californians will benefit from Prop. 19:
Over 25,000 families have lost homes to California wildfires in recent years. Prop. 19 provides needed housing and property tax relief by allowing victims of wildfire and natural disasters to transfer the property tax base of their damaged home to a replacement home anywhere in California.
As more Baby Boomers utilize Prop. 90’s property tax savings, homeownership opportunities will open up each year for renters, young families and first-time homebuyers in communities throughout the state.