Proposition 19 adds new provisions to the California Constitution for base year value transfers from a primary residence to a replacement primary residence for persons at least age 55 or severely disabled, or for victims of wildfires or other natural disasters (as defined). The base year value transfer provisions become operative on April 1, 2021.
Effective February 16, 2021, Proposition 19 repeals/modifies provisions of the former parent-child and grandparent-grandchild exclusions from reassessment that were added to the California Constitution by Propositions 58 and 193.