https://www.youtube.com/live/lnE43OYBMz4?feature=shared

Property Tax Planning For the Real Estate Investor After California Proposition 19

California Proposition 19 is an amendment of the Constitution of California that was approved by California voters in the general election on November 3, 2020. The legislation increases the property tax burden on owners of inherited property to provide expanded property tax benefits to homeowners ages 55 years and older, disabled homeowners, and victims of natural disasters, and fund wildfire response.

Prop. 19 brings two major changes to the property tax rules for California residents.

  1. Restricting parent-child transfer exclusions; and
  2. Expanding rules for homeowners age 55 and older, disabled homeowners, and natural disaster victims.

 

 

Sacramento Estate Planning, Tax Planning and Business Attorney.

I’m John Goralka, a Sacramento Estate Planning, Tax Planning and Business Attorney at the Goralka Law Firm, P.C. If you have an estate, tax or business situation needing legal help, contact our team for experienced and friendly advice. You can contact us at 916-440-8036. Alternatively, you can use our convenient online contact form here on our website. We listen, and you can have your questions answered, your case evaluated, and explore your options for getting the legal help you need. 

There are almost 200,000 attorneys in the state of California, and fewer than 100 of those attorneys are State Bar Specialists in Estate Planning, Trusts and Probate and State Bar Specialists in Taxation.  I am one of the few attorneys with both critical specializations.  I passed the California CPA examination and am a former income tax auditor and hearing officer.  I am also recognized as a top attorney in the United States by US News and World Reports and by Best Lawyers and hold an AV rating from Martindale which is the premiere rating organization for attorneys.  The AV rating is the highest possible rating for legal experience and for legal ethics.  

For help with estate planning, business planning or tax planning, please contact our office.