Prop 19 Makes Many Seniors’ Moves More Affordable.
BUT, It Raised Tax on Inherited Property.
Immediate Action May Protect Your Heirs!
(Click here for one of the Legal Blogs on Prop 19)
CO$T Invites You to Join VCTA’s FREE
Important, Time-Sensitive Zoom Event
Thursday January 14 at 1 PM
Click Here To Register
A discussion on key elements of Proposition 19 passed in the November 2020 election. Learn about how Proposition 19 will limit the transfer of assessed values between parents and children/grandchildren, while expanding the ability for certain persons to transfer the assessed value of their primary residence to a replacement primary residence.
Provisions of Proposition 19 affecting transfers between parents and children/grandchildren will become effective for transfers of property occurring on and after February 16, 2021, while provisions regarding the transfer of base year values from one primary residence to another will become effective on April 1, 2021.
VCTA and VC CoLAB urges everyone to take advantage of this important and timely virtual event.