| LIFE IN SOLERA | SEPTEMBER 2025 | 13
If you're 55 or older and thinking about moving—whether to
downsize, be closer to family, or settle into a retirement-friendly
community — you might wonder how that aects your property
taxes. e good news is: California's Proposition 19 oers real
benets to older homeowners.
Let's break down what Prop 19 means for you, especially if you
reside in Southern California.
What Is Prop 19? Passed in 2020 and fully in eect since
April 1, 2021, Prop 19 allows eligible homeowners to transfer the
assessed value of their current home to a new one — even if the
new home costs more.
is can lead to signicant yearly savings, especially for those
who bought their current home many years ago and are paying
much lower property taxes than today's rates.
Who Qualies? You may qualify to transfer your property tax
base if you are:
• 55 years of age or older
• Severely disabled
• A victim of a natural disaster (like wildre)
Can You Move to Another County? Yes! Previously, base
value transfers were limited to specic counties. But under Prop
19, you can move anywhere in California and still benet.
Timing Matters. To qualify:
• You must purchase or newly construct the replacement
property within two years of selling your original home.
• You'll need to le the required forms with your county
assessor's oce. (Your real estate professional can help.)
Final oughts … For long-time homeowners in Southern
California, Prop 19 can oer a signicant nancial incentive to
move without losing your low property taxes. Whether you're
considering downsizing, relocating closer to loved ones, or
nding a home better suited for aging in place, this is a valuable
option to explore.
As always, it's wise to consult a tax advisor to understand how
Prop 19 applies to your specic situation.
REAL ESTATE REPORT
By Diana Mangan, Realtor and Resident
REAL ESTATE REPORT
Can You Keep Your Property Tax Base When You Move?
