Episode Details
Back to EpisodesProp 19 Explained | Prop 19 Inheritance | California Property Tax Exemption Age 55 Update
Description
Are you a senior or inheriting property in California? You want to know about Prop 19!
Welcome back to another episode! I am joined today by Sasha Collins, as we discuss what Prop 19 is and how it could affect you. Learn how Prop 19 changes the rules for transferring property between family members and how it could potentially save seniors thousands of dollars in taxes in California!
Under Prop 19, if you are inheriting property and it is NOT your primary residence, it is subject to current market tax rates. Under Prop 19, Seniors are able to buy a new home ANYWHERE in California and keep lower property taxes!
We go over everything you need to know about Prop 19 and how it may affect you. You don’t want to miss this video! Don’t forget to subscribe to get more amazing content like this!
Other topics discussed:
-What impact has come from prop 19 in California
-What happens if you move out of an inherited property
-Where to go for more information
-Any workarounds for Prop 19
-And much more!