Your Prop 19 Specialist in Richmond, CA and the East Bay Area
As a property seller, you might be able to benefit from Prop 19 in Richmond, CA and the East Bay Area. With the possible impact on your tax requirements, it’s important to work with a licensed realtor who knows how to handle your property and how Prop 19 can benefit you. Call Colin Davies, Realtor today to find out more about property taxes in California, especially about Proposition 19 in Richmond, CA and the East Bay Area.
Get in touch with us today at (510) 435-3624 to set up a virtual consultation.
Walnut Creek CA
What You Should Know About California Prop 19 and How It Can Help You
As a property owner in Richmond, CA you should be familiar with California Proposition 19, Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment. It allows homes to be sold and for certain individuals to take their tax breaks with them. The Proposition 19 (Transfer Your Tax Base When Selling Your Home) is a measure that went go into effect in early 2021, and has two very distinct parts; the first of which allows homeowners who are 55 or older, disabled, or lost their home in a natural disaster to transfer their tax base to a new home up to three times anywhere in California.
Previously, homeowners could only take advantage of a tax base transfer once in their lifetime, and only if they bought a replacement home in certain California counties. This was via Propositions 60 & 90, which have been superseded by Proposition 19.
Both buying and selling a home are multi-faceted processes with a lot to take into consideration. As Proposition 19 will have an impact on many property transfers throughout California, it’s an important aspect for property sellers throughout Richmond, CA. We can help make things easier; call us today at (510) 435-3624 to set up a virtual consultation and learn more about our services.
Get in touch with a trusted realtor today!
If you’re ready to get help with your real estate needs, then get in touch with Colin Davies at (510) 435-3624, or just the contact form.