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Monday, November 14, 2022
Decided Not To Sell? 5 Inexpensive Ways To Make Your Bathroom the Oasis of Your Dreams
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‘No One Wants To Catch a Falling Knife’: What To Expect in the Housing Market for the Rest of 2022
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Sunday, November 13, 2022
What Is an A-Frame House? An Adorable Home That’s Spiked in Popularity
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Friday, November 11, 2022
How To Sell Your Home During a Real Estate Slowdown
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Is a Mortgage Transfer Possible? Sometimes—Here’s When
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Thursday, November 10, 2022
What Is a Mortgage? Home Loan Basics Explained
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Wednesday, November 9, 2022
Remember Prop 19? That allows certain people to transfer the (low) property tax to a new home. It's getting tweaked.
Never heard of Prop 19? It narrowly passed in Nov. 2020.
Now a new law tweaks it a bit.
Deferral of property taxes when applying for Prop 19 tax savings (AB1410)
• SB 989 defers property taxes for taxpayers claiming Proposition 19
• When the county assessor has not completed its determination of the property’s eligibility for property tax relief under that section.
• Applies to “large counties” defined as having more than 4 million people.
How does this Senate Bill 989 work? Property taxes for a property will be deferred, without penalty or interest, if:
1. The homeowner has filed claim for a Proposition 19 base year value transfer for the property, but the county assessor has not completed its determination of the property’s eligibility for property tax relief under that section.
2. The homeowner requests deferment with the county assessor within one calendar year, but before January 1, 2024, of receiving the first tax bill for the property. Consult your tax prop to see how this applies to you specifically.
Can You Paint Vinyl Siding? Yes, If You Do It Right
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