2021年1月23日 · Prop 19, for all its flaws, at least tries to bring some sanity back into the market by disincentivizing, for example, holding on to inherited homes so that they can be used merely as 2nd homes, keeping them from going onto the market and thus increasing supply.

2024年1月26日 · Prop 19 Sale w/Partial of Full Reassessment Exclusion - If heirs get a full exclusion from reassessment per an LLC, for example, or in any other way (have no idea how) and then sell, are they taxed on the sale price minus the assessed value when their parents bought the home and/or the stepped up value w/2% increases over the years?

2021年1月26日 · Prop 58 allowed heirs to keep their parent's tax "basis". Now all property is reassessed and taxes paid on the new assessed value. Some exclusions but that's it in a nutshell. There is a petition drive now to Reinstate Prop 58 while keeping the Prop 19 benefits for seniors, disabled and wildfire victims. It's called Repeal the Death Tax.

Official Statement of the Yes on Proposition 19 Campaign in Response to Election Results In response to the voting results on Proposition 19, the California ballot measure to control and tax marijuana, Prop. 19 proponent Richard Lee released the following statement:

2020年12月11日 · Prop 19 obliterates these rules. After 2/15/21, an inherited home that was the parents’ primary residence will be subject to a one million dollar exclusion ONLY IF the child makes it their primary residence.

2023年2月23日 · Prop 58 allowed heirs to keep their parent's tax "basis". Now all property is reassessed and taxes paid on the new assessed value. Some exclusions but that's it in a nutshell. There is a petition drive now to Reinstate Prop 58 while keeping the Prop 19 benefits for seniors, disabled and wildfire victims. It's called Repeal the Death Tax.

2020年12月19日 · I am having many clients ask me how they can get around the new prop 19 when it comes to inheriting the property taxes. I know many people are now gifting and transferring properties into the kids names to avoid a increase in property taxes but what about when there are multiple kids involved in the inheritance?

2021年5月3日 · Does that make sense? I’m also starting to make myself aware of 1031 exchanges, and that could potentially be an option. In regards to prop 13, doesn’t prop 19 change all that and make anything after 2/16/21 fall under prop 19? Regardless, thanks so much for your response. There are a lot of things we need to think about and consider.

2020年11月14日 · Property tax is low due to Prop 13 (around 5K/year). My sibling and I are going to inherit the house when she passes and the plan was to continue renting it out. But, now that Prop 19 passed, the property tax is expected to increase substantially since it will be assessed at current value, and now I'm thinking of just selling the house when she ...

2023年11月11日 · As per this article, prop 19 is causing pain to many people inheriting parental property. But the other way to think is , prop 13 is discriminatory against new residents in California and people who grew up poor or without parental home they could inherit. It does not give a level playing field.