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This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
Life / Housing / Useful info
What is Proposition 19 in California ？ Tips ： Property taxes may be favorable. What is Proposition 19 in California?
Real Estate Tidbits - Proposition 19 in California
California's Proposition 19 provides for the following two special provisions.
1. moving within the state
When moving within California, the property tax assessed value of the previous residence may
be transferred to the new residence. This means that you can maintain the low property taxes you had before you moved in
California, where real estate prices are skyrocketing.
You can use this exception up to three times.
2. Inheritance of Real Estate
When the subject's children or grandchildren inherit the house, they can inherit the current property tax assessment.
In other words, they can keep the current low property taxes
even if the price has increased since the house was purchased. However, there are conditions for this.
- the house must be used as the primary residence of your children or grandchildren.
- The new owner must move into the house within one year of inheriting it.
=========
Questions about the house ・ Please feel free to contact
Sakura Real Estate for any consultation.
Yasumi Davis
925-381-3201Please mention [Vivinavi]
yasumi@sakurarealtyeastbay.com
Web: https://www.sakurarealtyeastbay.com
Instagram: https://www.instagram.com/sakurarealtyeastbay
Facebook: https://www.facebook.com/SakuraRealtyEastBay/photos
DRE: 01906419/01412749
- [Contact]
Are you looking to buy or sell real estate ？ We are a real estate company with more affordable commissions, experience and a proven track record. We are also available for long term planning. We also offer free consultations with real estate attorneys.
- Posted : 2025/03/12
- Published : 2025/03/12
- Changed : 2025/03/12
- Total View : 98 persons
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