With the passage of Proposition 19, homeowners who are 55+, severely disabled or victims of wildfire or natural disaster may transfer their property tax base of their existing home to a new home anywhere in California. This is a significant improvement from the current law that is confusing, unfair and limiting.

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Prop 19 new tax benefits for homeowners 55+, severely disabled, or victims of wildfire or natural disaster, as of April 1, 2021 include:

- Moving anywhere in California: Prop 19 removes location restrictions on property tax transfers allowing the transfer of the property tax base of an existing home to a new home anywhere in California.

- Moving to any home regardless of price: Prop 19 removes price restrictions on property tax transfers allowing the transfer of the property tax base of an existing home to a new home regardless of price (with an adjustment upward to their tax basis if the replacement property is of greater value).

- Transferring the low property tax base of your original home to a new home up to THREE times (or more for victims of wildfire or natural hazard).

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This could result in substantial savings in annual property taxes!

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These new tax benefits went into effect April 1, 2021.  

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