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Tax Controversy
Exploring the Property Tax Implications of Proposition 19
Proposition 19 significantly modifies existing property tax laws under Proposition 13 (which caps real property taxes to 2% per year unless sold or transferred) and Proposition 58 (allows transfer of primary residence to owner’s child at owner’s assessed value and up to an additional $1 million of assessed value of other real property).
Raul A. Escatel
