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Prop 19 Planning for California Families
What is Proposition 19?
Prop 19 significantly changed California property tax rules in 2021. Parents can no longer pass down investment property or vacation homes without reassessment. Even primary residences face restrictions unless the child moves in within one year.
Why Prop 19 Matters for Estate Planning
Without planning, many heirs face steep tax bills. Los Angeles homes purchased decades ago may have tax bases under $5,000 annually — but after reassessment, children could owe $15,000 or more per year. That often forces families to sell.