Proposition 19 was passed by California voters last November — and on April 1, 2021, Prop 19’s base year value transfer provision takes effect. If you’re 55 or older and thinking about selling, but are concerned about where you’ll move, you may be able to benefit from Prop 19’s new tax break. So what are the key points you need to know?
- You can now buy a more expensive home and transfer your tax base.
- You can move anywhere in California and transfer your tax base.
- You can transfer your tax base up to three times.
For more information and answers to frequently asked questions about Proposition 19’s base year value transfer provision, visit boe.ca.gov/prop19 and contact your local Surterre agent today.
