California Proposition 19 (Prop 19)
When did Proposition 19 become effective?
Proposition 19 was voter-approved on November 3, 2020, and became effective on December 16, 2020, with the changes to the parent-child and the grandparent-grandchild exclusion becoming operative on February 16, 2021. Finally, the base year value transfer provisions of Proposition 19 became operative on April 1, 2021.
What Is Proposition 19?
In short, it is a real estate property tax base transfer to keep the previous tax assessment and avoid reassessment after the real estate transfer. To expand on the question, please feel welcome to view a complete summary of how Proposition 19 works in the slides posted below. For additional details, property tax calculators, example scenarios, and more, please visit Proposition19.org and https://www.boe.ca.gov/prop19/
PROP 19 SLIDES
