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Prop 19 goes into effect April 1st, here's what it means


Prop 19 goes into effect April 1st, here s what it means
and last updated 2021-03-31 20:53:41-04
SAN DIEGO (KGTV) - A proposition aimed at easing the housing crisis in California takes effect April 1st.
Proposition 19 spells big savings for Californians who want to downsize at a later stage of life.
It allows any California home owner who is 55 years or older to be able to transfer their property tax base from their current property to any property in the state, Presidents of the California Association of Realtors Dave Walsh said.
Walsh said that also applies to those with severe disabilities and wildfire or other natural disaster victims. So the same rules apply, the old rules didn t allow for both of those categories to always have that benefit so now they also now have that benefit throughout the state. He said.

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