Tax Savings in California for Senior Homeowners
Posted by Jim Cronin on
The Greater Palm Springs area is a popular place for retirees. They love the nice weather, the golf courses, and the relaxing lifestyle. However, some might worry about property taxes when moving to the area. Fortunately, there's some good news in that regard.
Proposition 19 allows seniors to enjoy significant property tax savings and more flexibility when moving to a new home. This post will explain the tax savings in California that you may be eligible for under Prop 19.
Understanding Tax Savings in California Under Proposition 19
Prop 19 is a California law that voters approved in November 2020, effective April 1, 2021. It applies to seniors, people with disabilities, and natural disaster victims. The purpose is to keep their property taxes…
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