How California’s Prop 19 Can Save Homeowners 55+ Thousands in Property Taxes
If you're a homeowner in Santaluz, Rancho Santa Fe, Carmel Valley, Del Mar, or North County San Diego, there’s an important tax-saving opportunity you need to know about.
You may be familiar with Propositions 60 and 90, which allowed homeowners 55 and older to transfer their property tax base once, but only to a home of equal or lesser value. That is no longer the law of the land.
In November 2020, California voters passed Proposition 19, dramatically expanding this benefit and giving homeowners more flexibility than ever before. If you’re considering selling your home and moving within North County San Diego, this could be a game-changer for your financial future.
What Is Proposition 19?
Proposition 19, which officially took effect in April 2021, replaced Propositions 60 and 90 and expanded property tax transfer benefits for homeowners 55 and older (as well as those who are severely disabled or victims of natural disasters).
Here’s What Changed:
✅ Move without a major tax increase – Homeowners 55+ can transfer their current, lower property tax base to a new home.
✅ No price limit on your new home – Unlike the old law, you can buy a home of greater value and still benefit (with an adjustment for the difference in value).
✅ Use this benefit up to three times – Before, this was a one-time opportunity. Now, you can use it three times in your lifetime.
✅ Applies anywhere in California – You’re no longer limited to certain counties—this benefit now applies statewide.
These changes make it much easier for homeowners to right-size, relocate, or move closer to family while keeping their tax advantages intact.
How Does This Benefit Homeowners in Santaluz, Rancho Santa Fe, Carmel Valley, and Del Mar?
The luxury and coastal markets of North County San Diego are highly desirable, with many homeowners 55 and older looking to make a move while maintaining their financial benefits. Prop 19 makes this possible in ways that weren’t allowed under the old laws.
Here’s how homeowners in our area can take advantage of Prop 19:
✅ Sell your larger home in Rancho Santa Fe or Santaluz and move to a luxury condo or smaller property in Del Mar or Carmel Valley—without losing your low tax base.
✅ Move to a larger home in North County San Diego to be closer to family, while still benefiting from your existing property tax savings.
✅ Relocate anywhere in California without worrying about higher property taxes in another county.
With home values in Santaluz, Rancho Santa Fe, and Del Mar at record highs, now could be the perfect time to sell, cash in on your equity, and transfer your tax base to your next home.
Thinking of Making a Move? Let’s Talk!
If you’re 55 or older and thinking about buying or selling in Santaluz, Rancho Santa Fe, Carmel Valley, Del Mar, or anywhere in North County San Diego, let’s discuss how Proposition 19 can work to your advantage.
📩 Email: [email protected]
🌐 Visit: https://sellingsantaluz.com/
Reach out today for a no-pressure consultation!
