On November 3, 2020, California voters approved Proposition 19 for California Law Libraries for California Law Libraries for California Law Libraries for California Law Libraries , the Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act. Proposition 19 is constitutional amendment that limits people who inherit family properties from keeping the low property tax base unless they use the home as their primary residence, but it also allows homeowners who are over 55 years of age, disabled, or victims of a wildfire or natural disaster to transfer their assessed value of their primary home to a newly purchased or newly constructed replacement primary residence up to three times.
The new law will make important changes to two existing statewide property tax saving programs:
Replace Proposition 58(1986) and Proposition 193(1996) by limiting parent-and-child transfer and grandparent-to-grandchild transfer exclusions effective 2/16/2021.
Replace Proposition 60(1986) and Proposition 90 (1988) programs for home transfer by seniors and severely disabled persons effective 4/1/2021.