We know this story: There’s not enough housing supply to meet the demand and so bidding wars drive up prices. Yada yada yada…
BUT, there’s a new character in this story: Prop 19.
Prop 19 frees up inventory while providing tax savings for Seniors, homeowners with disabilities, and wildfire victims (With an adjustment upward in the tax basis if the replacement property is of greater value). As more homeowners take advantage of Prop 19’s tax savings, homeownership opportunities will open up each year for renters, young families, and first-time homebuyers in communities throughout California!
Curious how to get this info in front of your clients? Resources are available to you and your clients on our dedicated website. And keep an eye on our social channels, your inbox and our website because we’ll be providing more materials over the next few months that will help you save your eligible clients money on property taxes.