California Property Tax Changes To Know About ...Middle East

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California Property Tax Changes To Know About
Sacramento, CA — Effective today, the State of California is making some changes related to property tax rules for certain people. Following the passage of Proposition 19 by voters in November, the state’s seniors, those severely disabled, and victims of wildfires can transfer the taxable value of their original home to a replacement residence. It could result in a notably lower property tax bill for those who are planning a move, and eligible. The California Board of Equalization reports, “Seniors, age 55 and older, or those severely disabled must meet specific requirements to qualify. The original and replacement residence must be eligible for the homeowners’ or disabled veterans’ exemptio

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