Prop 19 Is In Effect. Is There Still Time To Avoid Reassessment?

Prop 19 Is In Effect. Is There Still Time To Avoid Reassessment?

The good news? There still may be hope for those who missed the boat on planning before Prop 19 became effective! Prior to February 16, 2021, real property was reassessed at market value if it was sold or transferred, and often times property taxes increased dramatically as a result. After February 16th, passing real property…