Prop 19

Testimonial

"We were returning to San Mateo after 34 years in Vallejo and our situation was a matter of timing, first selling then buying a home. As it happened not only did we accept an offer but our offer on a home was accepted on the same day within a week of putting our Vallejo home on the market. This would not have been possible if it wasn’t for Carmen. She coordinated with the agents selling our home, the bank or loan broker, the seller’s agent, etc. submitting not only an excellent offer but assurances that both transactions will close within 21 days. She did everything she could to ensure that we had a strong offer. Before submitting our offer, she meticulously went over any concerns with the home inspections, facts about the neighborhood as well as pros and cons on the home we were considering. She put us in touch with her trusted contractors for estimates on any renovations that we were considering. I found Carmen to be very knowledgeable, resourceful, conscientious, honest and goes above and beyond to ensure you get the home you want for the best price. Whether you’re buying or selling, I highly recommend working with Carmen."

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Proposition 19: Homeowner tax savings everywhere in the state

Sample Member Email for Clients
Prop 19 Tax Portability Provisions
 

 
This sample email is intended for your use to share with clients or prospective clients who are homeowners 55+ years or older, severely disabled or victims of wildfire or natural disaster. No real estate licensee should provide advice relating to estate planning or other transfers. All questions from your client, and all questions regarding a licensee’s own properties, should be referred to a qualified estate planning or real estate attorney. For more Prop 19 resources, go to www.CAprop19.org.  
 
Dear Client/Prospective Client,
 
Have you thought about moving but are worried about property tax increases?
 
Then I have great news to share with you. There are new tax benefits you could be qualified to take advantage of that will allow you to move without big tax increases.
 
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 without price restriction. This is a significant improvement from the current law that is confusing, unfair and limiting.
 
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).
 
This could result in substantial savings in annual property taxes!
 
These new tax benefits go into effect April 1, 2021.  
 
For transactions involving either the sale or purchase of a primary residence that close before April 1, 2021, please consult with your qualified estate planning or real estate attorney.
 
Interested in learning more?
CONTACT INFORMATION
 

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