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 Notice of Closeout Form 2016-2025

65 California 2016-2025 Form

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Instructions and help about closeout escrow

what's going on everyone it's tyler with case in realty today we're going to talk about prop 19 and what that means for you as a homeowner so basically what prop 19 does it will allow you to transfer your property tax basis of your current primary residence to any other residents anywhere within california despite size despite value and this is a huge benefit for a lot of people or a lot of homeowners in california so you do have to meet certain criteria that criteria is 55 years of age or older if you're severely disabled if you're a victim of wildfire or any other natural disaster you qualify to be able to do this property tax transfer so previous to prop 19 which came into effect april 1st of 2021 you have prop 60 and you have prop 90. so prop 90 is property tax basis transfers anywhere within the same county that you already live and prop 90 is property tax base transfers anywhere within another county that accepts inter-county transfers and

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