FEATURE ARTICLE: CA Prop 19 – Easier to Move Within California
Where to? With the passage of CA Prop 19, all 58 counties are now in view as possible locations for the Over 55, with a more affordable property tax.
On November 3, 2020, California voters approved Proposition 19, The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act. This law provided major changes to Proposition 13, which was passed in 1978.
With the increased focus on work-from-home that started during the pandemic, will people over the age of 55 that are still working, chose to sell their homes in the more expensive urban areas and move to less expensive urban areas?
We’ll discuss the key features of the property tax system created by Prop 13 and how they will be changed by Prop 19 in our latest blog post.
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