What is Proposition 19 and how can it benefit you?

For those of you who are still green to Proposition 19 and what it means for you and your clients, let's take a broad look at it.

Thanks to Prop 19, homeowners aged 55+, people with severe disabilities and victims of natural disasters can move closer to family, medical care, or to a home that better meets their needs anywhere in California without a tax penalty.*

Prop 19 also removed unfair restrictions on Californians with severe disabilities, allowing homeowners to move to a replacement home anywhere in California without a tax penalty.*

And after wildfires destroyed more than 24,000 family homes in the past few years, wildfire victims have faced massive property tax hikes when relocating to another home. Prop 19 allows victims of wildfires or natural disasters to transfer the property tax base of their damaged house to a replacement home anywhere in California.*

*Purchasing a more expensive home will result in an adjusted tax increase based on the original property's Prop 13 tax basis.

For more information on how Prop 19 can help you to downsize, contact Trish Mercurio at: trish.mercurio@compass.com or www.trishmercurio.com CA DRE#01942356