Save on Property Tax!

California Homeowner,

Save your Property Tax!

Did you know that you can transfer your property tax base from your primary residence to a new primary residence using PROP-19 rule?

What is PROP-19?

It’s a California state law that allows homeowners to transfer their property tax base from their current home to a new primary residence within the state.

• Must be your principal residence
• Purchase or newly construct replacement home within 2 years of sale of original home.
• Anywhere in California
• You can transfer three (3) times
• No limit to market value of replacement compared to original but market value difference added to transferred value

Who is eligible?

• person over 55 years old
• disabled
• victims of a wildfire or natural disaster in California.
• children receiving property from parents
• grandchildren receiving property from grandparents

Watch a video of San Diego Tax Assessor explaining how it works

Contact me if you wish to have a stress-free and rewarding real estate experience!

Iryna Iniguez Realtor ® DRE 02067232

760.848.6244

email: irynainiguez@gmail.com