Proposition 19 makes it easier for eligible homeowners to transfer their property’s assessed value (Prop 13 value) to a new home. This helps homeowners relocate without facing a significant property tax increase.
Who Qualifies?
- Seniors – those 55 years or older
- Permanently and Severely Disabled
- As defined in Revenue and Taxation Code 74.3
- Requires physician certification
- Victims of Wildfires or Natural Disasters
- Must be a Governor-declared disaster
- Timing is based on when a property is sold/purchased, not the date of the disaster
- Two other disaster-related base year transfer options may apply – use whichever is most beneficial
Benefits
- Move Anywhere in California – No location restrictions
- Higher-Value Homes Allowed – If the new home is of higher value, the difference in value is added to the transferred assessed value
- Multiple Transfers - Eligible homeowners can transfer their assessed value up to three times (six times for married couples).
- Includes ADUs & JADUs – A primary residence can now include an Accessory Dwelling Unit (ADU) or Junior ADU (JADU).
Qualifications for Senior Base Year Value Transfers
- Age Requirement – At least 55 years old at the time the original property is sold.
- Primary Residence – Both the original and replacement properties must be your principal residence and qualify for either the Homeowners' Exemption or Disabled Veterans' Exemption.
- Timing – The replacement home must be purchased or newly built within two years of selling your original home. The sale and purchase can happen in either order although the timing may impact your new tax basis (See: When timing matters).
- Filing Deadline – You must file a Prop 19 claim form (BOE 19-B) with the Assessor’s Office in the county where your replacement home is located within three years of the purchase.
When Timing Matters
Under Prop 19 the sale and purchase of a primary residence can happen in either order, as long as they are within two years of each other. However, there are situations where the timing can impact value/taxes:
- Selling First – May save 5-10% on increased assessed value if buying a higher-value replacement property
- Buying First – Temporary tax increase may occur until original home is sold
- Inherited Property – Timing can be critical to preserving a reduced assessed value you inherited from a parent. Please contact our office to discuss your specific situation.
Filing Deadline
You must file your claim within three years of purchasing your replacement home. Claims submitted after the three-year period may still be accepted; however, late approvals only apply prospectively and will not adjust prior tax years.
Submit your claim after you have moved into your replacement home. This means:
- Your original property has been sold,
- Your replacement home has been purchased or newly constructed, and
- You are occupying the replacement home as your primary residence.
HOW TO APPLY
Submit your claim after you have moved into your replacement home. This means:
- Your original property has been sold,
- Your replacement home has been purchased or newly constructed, and
- You are occupying the replacement home as your primary residence.
BOE 19-B
Maximize Savings – Be sure to apply for either the Homeowners’ Exemption or Disabled Veterans’ Exemption on your replacement property to lower your property taxes even further.
Homeowners' Exemption Claim Form Disabled Veterans' Exemption Claim