
Understanding California’s Proposition 19: What Homeowners Need to Know 4 Years Later.
Proposition 19 in California allows homeowners over 55, disabled individuals, or victims of natural disasters to transfer their property tax base when moving to a new home. It also changes the way inherited properties are taxed, requiring heirs to make the inherited property their primary residence to keep the lower tax base. If they don't, the property will be reassessed at market value, potentially leading to a significant property tax increase.