Many mature homeowners want to but hesitate to move to a better, more expensive home they desired because of the higher carrying cost, particularly the hefty jump in real estate tax.
?Effective April 1, 2021, Prop 19 allows Californians over 55 years old to transfer their lower property tax bill when moving to another home anywhere within the state, even to a more expensive home ? The new property tax for the more expensive home will be higher, but not as much as other regular homebuyers. This special rule can be used 3 times. You can sell your old residence and buy a new one now as long as escrow closes on or after April 1.
Find out how you can benefit from this new rule by calling Stephen Haw at (310) 503-9886. DRE# 00808646. Keller Williams Palos Verdes Realty.
This new measure includes other eligibility and aspects. More information on Prop 19 here : https://www.boe.ca.gov/prop19/#Charts
Call 310.503.9886 or email skh8828(at)gmail(dotted)com for professional guidance from The Stephen Haw Group, your local experts with international connections.