Prop 19 FORCING PROPERTY SALES

[Deanne Bourne]

Prop 19 will be implemented Feb 15 and upon your death will trigger a new evaluation of your properties for property taxes. This could force your family to sell the property to pay taxes. If they don’t move into the property immediately upon your death the MARKET value applies to the homes recalculation of property taxes. 

[Wayne Brooks]

Well, it already works that way here, just by normal process. A homeowner/occupant gets a homestead exemption, with a yearly cap of a 3% increase in assessed value. When that person no longer occupies the residence, for whatever reason, the taxes go to the current market assessed value.