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