What is Prop 19 And This Is How Our Sellers Are Benefiting

If you’re a homeowner in California thinking about selling, Proposition 19 could make your move much more affordable especially if you’re downsizing, relocating closer to family, or transitioning to a new lifestyle.

🔍 What Is Proposition 19?

Passed in 2020, Prop 19 allows certain homeowners — particularly those 55 or older, severely disabled, or victims of a wildfire/natural disaster — to transfer their property tax base from their current home to a new one anywhere in California.

Before Prop 19, tax base transfers were limited by county and could only be done once. Now, eligible sellers can transfer up to three times, and across any county in the state.

💰 The Seller Benefits

1. Lower Property Taxes on Your New Home
   You can keep your low property tax rate, even if your next home costs more than your current one (you only pay the tax difference on the increased value).

2. Freedom to Move Anywhere in California
   Whether you’re moving closer to grandkids, downsizing by the beach, or upgrading to a newer home, Prop 19 gives you the flexibility to move without worrying about a big jump in property taxes.

3. Encourages Inventory Turnover
   Homeowners who’ve stayed put for decades due to tax concerns can now sell and move — freeing up inventory for new buyers.

🧾 Example

Let’s say you bought your home years ago for $300,000, and it’s now worth $900,000. Your property taxes are based on that old $300,000 value.
If you sell and buy a new home for $950,000, under Prop 19 you’d keep your old tax base and only pay property taxes on the $50,000 difference — instead of the full $950,000.

🏠 Bottom Line

Prop 19 makes it easier for long-time homeowners to sell and move without being hit with a major property tax increase. Whether you’re planning to downsize, relocate, or simply explore new options, it’s worth exploring how Prop 19 can help you keep more equity in your pocket.

If you’d like to know how Prop 19 could affect your move, reach out — we can run the numbers together and see what your new tax situation might look like.

📲 Call or text Brent Blay at (909) 641-8751
📧 BrentBlay@parkregency.com
🔗 https://linktr.ee/BlayRealEstateGroup