Dear Sellers out there do you know about Proposition 19? It went fully into effect 4/1/21 and its for California homeowners who are age 55+ or severely disabled, or victims of wildfire or natural disaster. This must be your primary residence, you can use it up to 3 times anywhere in California without incurring a property tax hike regardless of price. Please keep in mind when a more expensive replacement property it will result in an adjusted property tax increase. Contact Tim Garton with Re/Max Gold Vallejo CA 707-315-5555 with questions. See video link below about Proposition 19 and also seek a tax professional about your current situation.
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