Source: OC Register
Most California homeowners probably have heard about Proposition 19, the new property tax law that allows seniors and disabled homeowners to keep their current property tax rate when they sell their home and buy a new one. But they may not know how to apply this new law when moving to a new home.
It’s the state’s largest expansion of property tax benefits in decades, basically allowing qualified homeowners to take their Prop. 13 tax base with them anywhere they choose to purchase in California.