Prop 19 2023 Explained. Proposition 19 would eliminate this property tax break for investment homes and commercial properties, meaning that heirs who inherit their parents’ properties would pay. On november 3, 2020, california voters approved proposition 19, the home protection for seniors, severely disabled, families, and victims of wildfire or natural disasters act.
Property tax transfers for homeowners aged 55 and older, as well as the transfer of property tax. Proposition 19’s provisions became operative on february 16, 2021 (for intergenerational transfer exclusions) and april 1, 2021 (for base year value transfers).