How does Proposition 19 work to keep a house’s low tax basis?
California’s Proposition 19 went into effect on April 1, 2021. It’s known as the “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act.” The goal of Proposition 19 is to help millions of older homeowners who want to downsize without huge increases in property tax, homeowners with severe…
