Prop 19 allows eligible homeowners to transfer their property tax base to another primary residence anywhere in California. This can be especially meaningful in Carmel Valley, where many long time owners have a much lower tax base than what current values would create.
Homeowners who are fifty five or older, severely disabled, or affected by a natural disaster may transfer their current tax base to a new home of equal or greater value. This can make a future move more realistic and more affordable. The transfer may be used up to three times, and the rules vary depending on the value of the replacement property.
For many Carmel Valley residents, this creates flexibility. It allows people to right size, move closer to family, or transition into a new style of living while maintaining the benefit of a lower tax assessment. Understanding how Prop 19 applies to your situation is an important part of planning any move.
Disclaimer: The information provided here is intended for general guidance only and should not be considered legal or tax advice. Homeowners should consult with a qualified tax professional or attorney to understand how Prop 19 applies to their specific circumstances.
