One group whose ears will perk up at this opportunity is homeowners age 55+.
If your client is a senior, retiree or older homeowner who feels trapped in a home that no longer fits their needs, you can help them move to a new home without incurring an increase in property tax.* All thanks to Prop 19.
*Purchasing a more expensive home will result in an adjusted tax increase based on the original property’s Prop 13 tax basis.
And trust us … that’s a HUGE amount of people in our lovely California.
2.2 million homeowners age 55+ haven’t moved since 1999.
3.2 million homeowners age 55+ haven’t moved since 2009.
57% of CA homeowners in 2019 qualify to save on property
taxes this year because of Prop 19.
Have clients who fall in this group? Resources are available to you and your clients on our dedicated website. And keep an eye on our social channels, your inbox and our site because we’ll be providing more materials over the next few months that will help you save your eligible clients money on property taxes.
