Here’s what California homeowners need to know about Prop 19.
If you own a home, you’re probably all-too-familiar with property taxes. However, do you know about the recent changes to property taxes instituted by Prop 19? This proposition went into effect in April 2021, and it could dramatically change how you pay property taxes. That’s why I’m sharing what homeowners in California need to know about property taxes and Prop 19.
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — What exactly is Prop 19?
1:35 — Three crucial things to understand about Prop 19
1:57 — This proposition expanded some homeowner benefits statewide
2:46 — This law expanded value limits on new homes
3:56 — You still have two years to purchase a new home and transfer your property taxes
4:24 — There’s a limit when you transfer your taxes
5:14 — Under Prop 19, you can transfer your taxes three times
6:55 — If you’ve purchased a home in 2021, it’s not too late to claim your transfer
8:13 — Wrapping up
If you have questions about today’s topic or anything else, please call or email me. I am always willing to help!