#Proposition 19

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#Proposition 19 Reel by @lacassessor (verified account) - Proposition 19 brought many property tax benefits to seniors, disabled persons, and victims of natural disasters, but in turn dramatically changed the
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LA
@lacassessor
Proposition 19 brought many property tax benefits to seniors, disabled persons, and victims of natural disasters, but in turn dramatically changed the family inheritance process in the State of California. In this video, Assessor Prang describes the pros and cons of Prop 19 and its impact on homeowners across the State.
#Proposition 19 Reel by @realmortgagedude - In CA Prop 19 is the enemy but we still need it in order to prevent our property taxes from skyrocketing after a parent/grandparent transfer of proper
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@realmortgagedude
In CA Prop 19 is the enemy but we still need it in order to prevent our property taxes from skyrocketing after a parent/grandparent transfer of property to child/grandchild.   Here’s how to avoid full reassessment.   Parent must occupy the property as their primary residence before the transfer.   Within a year… 1. Child must then occupy the property as their primary residence 2. File the homeowner’s exemption form (BOE-266) 3.File the Prop 19 exclusion form (BOE-19-P)   Your signatures are needed! Sign the measure to keep the good parts of Prop 19 and remove the death tax stripping families of wealth.   Link for the petition is in the comments. @Fix Prop-19! @claraduranreed @chasewalkerbrand @thejennpfeifferteam @dianajdavis @fixprop19now @laurabene626 @mayasmom98 @elaine.kim.cre
#Proposition 19 Reel by @trtespanol (verified account) - ¿Sabías que en Estados Unidos han vuelto a aparecer voces que cuestionan el derecho al voto de las mujeres?

En los últimos meses, el lema "Repeal the
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@trtespanol
¿Sabías que en Estados Unidos han vuelto a aparecer voces que cuestionan el derecho al voto de las mujeres? En los últimos meses, el lema “Repeal the 19th” se ha viralizado en espacios de extrema derecha, donde algunos líderes religiosos y comunicadores sostienen que las mujeres no deberían participar en política o votar. Aunque se trata de un movimiento minoritario, su eco en redes y el apoyo explícito de figuras cercanas al poder lo convierten en una señal de alerta sobre lo frágiles que siguen siendo algunos derechos que hoy se dan por garantizados
#Proposition 19 Reel by @xwilliamss (verified account) - Yet Another Benefit of Being a Homeowner in California
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Proposition 19, passed by California voters in November 2020, brought significant changes to
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@xwilliamss
Yet Another Benefit of Being a Homeowner in California - Proposition 19, passed by California voters in November 2020, brought significant changes to property tax rules. ⁣ 𝗞𝗲𝘆 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝗣𝗿𝗼𝗽 𝟭𝟵⁣ 𝘛𝘳𝘢𝘯𝘴𝘧𝘦𝘳 𝘰𝘧 𝘗𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘛𝘢𝘹 𝘉𝘢𝘴𝘦:⁣ Eligible homeowners (those over 55 years old, disabled, or victims of natural disasters) can transfer their existing property tax base to a new home, potentially leading to significant property tax savings.⁣ ⁣ This transfer can occur up to three times, statewide, and to a new home of any value (with some tax adjustments if the new home’s value exceeds the original home).⁣ ⁣ 𝗖𝗹𝗶𝗲𝗻𝘁 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼⁣ ⁣ 𝘐𝘯𝘪𝘵𝘪𝘢𝘭 𝘗𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘋𝘦𝘵𝘢𝘪𝘭𝘴:⁣ Purchase Date: 1985⁣ Purchase Price: $85,000⁣ Current Annual Property Tax: $4,054 or $337/months⁣ ⁣ 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝘁𝗼 𝗠𝗼𝘃𝗲:⁣ The homeowner, now retired and in his early 60s, lived in a modest home in a neighborhood that’s become more desirable over the years. With children grown and starting families of their own, he decided to sell his property and buy a larger home that included an in-law suite for him to live in so he could be closer to his kids and grandchild.⁣ ⁣ 𝗦𝗮𝗹𝗲 𝗮𝗻𝗱 𝗡𝗲𝘄 𝗛𝗼𝗺𝗲 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲:⁣ Sale Price of Original Property: Given the long-term appreciation in California real estate, I was able to sell his home for $880k⁣ ⁣ 𝗡𝗲𝘄 𝗛𝗼𝗺𝗲 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗣𝗿𝗶𝗰𝗲: $750,000⁣ ⁣ 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗧𝗮𝘅 𝗼𝗻 𝗡𝗲𝘄 𝗛𝗼𝗺𝗲 𝗪𝗶𝘁𝗵𝗼𝘂𝘁 𝗣𝗿𝗼𝗽 𝟭𝟵: At 1.25% of the purchase price, the annual tax would be about $9,375 or $781/mo ⁣ ⁣ Using Prop 19 to Transfer Property Tax Base:⁣ Instead of $9,375 with the use of Prop 19 my clients were able to save over $5k/year or $400/mo!⁣ ⁣ 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗙𝘂𝗻𝗱𝘀 𝗮𝗻𝗱 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗞𝗶𝗱𝘀: He used the equity to help his children with a 𝙨𝙞𝙜𝙣𝙞𝙛𝙞𝙘𝙖𝙣𝙩 down payment or contribute to their new home’s mortgage, helping lower their financial burden with a mortgage payment of only $𝟮,𝟬𝟬𝟬/mo. At the same time, he’s able to retain enough for his retirement needs.⁣ - #multigenerationalliving #prop19 #propertytax
#Proposition 19 Reel by @ramin_realtalk - When your mom dies, your brother is going to sue you.

Not because he's a bad person. 

Because California made it this way.

Prop 19 says ONE sibling
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@ramin_realtalk
When your mom dies, your brother is going to sue you. Not because he’s a bad person. Because California made it this way. Prop 19 says ONE sibling has to move into that house within a year or you ALL lose. So the kid who stayed home and took care of mom? You’re about to drag him into court like a stranger. The table where you ate Thanksgiving dinner? That’s exhibit A now. You voted for this. You just didn’t know it. Watch this. Then call your family tonight.
#Proposition 19 Reel by @the_constitutional_architect - Check out all 27 Amendment Episodes on the YouTube Channel!
#constitution #civiceducation #government #knowledgeispower #democracy
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@the_constitutional_architect
Check out all 27 Amendment Episodes on the YouTube Channel! #constitution #civiceducation #government #knowledgeispower #democracy
#Proposition 19 Reel by @robbyesq (verified account) - Prop 19 changed how property transfers work in California. If your kids inherit property, they may not keep your low tax base anymore. Unless they mov
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@robbyesq
Prop 19 changed how property transfers work in California. If your kids inherit property, they may not keep your low tax base anymore. Unless they move in and make it their primary home, the property can be reassessed to today’s value—leading to much higher taxes. #prop19 #california #realestate #inheritance #propertytax
#Proposition 19 Reel by @attorneygeorginalepe (verified account) - 55+ and selling your home in California?
 This ONE rule could save you tens of thousands in property taxes… or cost you just as much if you miss it. �
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@attorneygeorginalepe
55+ and selling your home in California? This ONE rule could save you tens of thousands in property taxes… or cost you just as much if you miss it. 💸 Thanks to Proposition 19, homeowners 55+ may be able to transfer their low tax base to a new home — but only if the rules are followed exactly. __________________ #CaliforniaHomeowners #Prop19 #SeniorHomeowners #EstatePlanningAttorney #PropertyTaxes CA Legal Advertisement. Not intended as Legal Advice or as Advertisement outside of the State of CA. Attorney Georgina Lepe (909) 732-2800 1000 W. Foothill Blvd., Ste A Claremont, CA 91711
#Proposition 19 Reel by @theprivatelandlordclinic - Section 21 is being abolished. What does that actually mean for private landlords? 

In this episode Sophie breaks down what's changing, what stays th
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@theprivatelandlordclinic
Section 21 is being abolished. What does that actually mean for private landlords? In this episode Sophie breaks down what’s changing, what stays the same, and how landlords should prepare. #Section21 #RentersReform #LandlordLaw #PropertyLaw #LegalAdvice #PrivateLandlords #HousingLaw #BarristerAdvice #directaccess #barrister #buytolet #rentersrightsbill

✨ #Proposition 19 Discovery Guide

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