Prop 19 for Wildfire Victims Explained скачать в хорошем качестве

Prop 19 for Wildfire Victims Explained

If your property is damaged or destroyed by the Los Angeles wildfires, you will qualify for property tax relief under California law. If your county has adopted the necessary ordinance, the assessor will reassess your property based on its damaged condition, lowering your tax bill. Once rebuilt in a similar manner, it will retain its original assessed value. To qualify, you must file a claim within the later of your county’s deadline or 12 months from the disaster date, with damages of at least $10,000 in market value. This applies to real property, business equipment, agricultural land, boats, and aircraft but not household furnishings. Proposition 19 lets wildfire and disaster victims transfer their home's taxable value to a new primary residence anywhere in the state if purchased or rebuilt within two years. If the sale price of the replacement home costs more than the price of the existing home, qualified homeowners can blend the tax base of their original home with the tax base of the new home. The new, adjusted property tax base of the replacement home takes the tax base of the original home and adds the difference between the sale price of the new home and the original home. -- #Prop19 #CaliforniaRealEstate #PropertyTax #WildfireRelief #TaxSavings #Homeowners #LosAngelesRealEstate #DisasterRelief #HomeBuying #HomeSelling #PropertyTaxRelief #CARealEstate #WildfireRecovery #HomeRebuild #TaxAssessment #RealtorTips #HomeInsurance #TaxBaseTransfer #RealEstateInvesting #HomeEquity #MortgageTips #HomeBuyingTips #CaliforniaHomes #HousingMarket #MarketValue #PropertyAssessment #HomeownerHelp #FireDamage #TitleTransfer #SmartInvesting