Prop 19 - a huge win for those that qualify
Buy a new home with us.
Take your property tax basis with you.
What is Prop 19? How does it help me?
You bought your home years ago in California. The current value is much higher than your property tax basis. So you feel stuck - if you buy a new home, you will pay a high property tax bill on the new home’s sale price, and yet, your current home is not the right one for you either. What can you do?
Thanks to Prop 19 - full details here at the California BOE website - you can “take your tax basis with you.” So imagine your home’s property tax basis is $500k but your home is worth $2 million. You can buy a new home for $2 million and continue to pay property tax on that new home on the same $500k basis.
This is a simple summary, and we are happy to help you learn more.
Schedule a call to talk to us and we will help you leverage Prop 19 and explain how it can be a huge win for you and your family.
