By City News Service Apr 1, 2021 LOS ANGELES (CNS) - Starting today, California homeowners who are over the age of 55 or are disabled or victims of a natural disaster can transfer their previous property-tax base when they sell their home and purchase a more expensive one. “This is good news,'' Los Angeles County Assessor Jeffrey Prang said. “Eligible homeowners can now take advantage of the benefits that come from Prop 19, which will give them more flexibility if they choose to move to a home that better suits their needs, even if it's more expensive than their current home.'' The benefit, which is part of Proposition 19 approved by voters during the Nov. 3, 2020 election, allows eligible homeowners to transfer their property's assessed value to a home up to three times more expensive. Under the previous law, homeowners could only transfer their base-year assessed value to a home of equal or lesser value.