If you’re like most homeowners, you’re probably sick of hearing about property taxes. However, a recent proposition changed how property tax transfers work, and you might be able to take advantage of it. Prop 19 went into effect in 2021, and if you’ve bought a home since then, you can probably lower your taxes. To find out how this proposition works and how you use it, check out my latest video.

Learn More:

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — What exactly is Prop 19?

1:35 — Three crucial things to understand about Prop 19

1:57 — This proposition expanded some homeowner benefits statewide

2:46 — This law expanded value limits on new homes

3:56 — You still have two years to purchase a new home and transfer your property taxes

4:24 — There’s a limit when you transfer your taxes

5:14 — Under Prop 19, you can transfer your taxes three times

6:55 — If you’ve purchased a home in 2021, it’s not too late to claim your transfer

8:13 — Wrapping up

The decision to buy or sell a home shouldn’t be made lightly. Here at Shawn Luong Century 21 Masters, we want to help make that decision easier by providing you with relevant, educational information about Southern California real estate and the California real estate market right here on our YouTube channel. Whether you’re looking for helpful tips about buying a home, selling a home, or the latest market statistics, we’re here to bring that information together all in one place. We have a passion for helping homebuyers and home sellers achieve their goals and we’d love to talk to you about how we might help you achieve yours. If you have any real estate-related questions for us, don’t hesitate to reach out to us via phone or email today.

Buying a home? Check out our free home search:

Selling a home? Check out our free home value report:

Shawn Luong
Century 21
Southern California
Phone: 626-643-7090
reoagent@shawnluong.com

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