Proposition 19: A Taxing Dilemma for Your Property and Legacy
Sinister Proposition 19 Impacts Your Commercial and Multifamily Property Taxes and Your Financial Legacy, Protect Your Investment Property and Preserve Your Financial Legacy
Don’t let Proposition 19 catch you off guard. Take control of your financial future and protect your legacy. Fill out our Property Tax Calculator form now and receive a comprehensive report. Contact our team today to learn more about our services and explore solutions tailored to your unique situation.
How much could your property taxes skyrocket?Get a Free Prop19 Property Tax Report.
Prop 19 Tax Calculator
Take Control of Your Legacy
Don’t let Proposition 19 catch you off guard. Take control of your financial future and protect your legacy. Complete our Property Tax Calculator form now and receive a free comprehensive property tax analysis report.
Contact our team today to learn more about our services and explore solutions tailored to your unique situation.
What is Proposition 19?
Proposition 19, passed in 2020, brings significant changes to property tax assessments in the state of California. Property tax value assessments are reassessed immediately upon the transfer of assets, such as real estate, from previous ownership (e.g., parents). This can result in substantial increases in property taxes, potentially burdening your heirs with unforeseen financial challenges.
Unveiling the Hidden Burden
Transferred or inherited property assessment may skyrocket, leading to property tax increases that can amount to hundreds of thousands of dollars annually. These costs could be unsustainable or unaffordable for your heirs, potentially jeopardizing the long-term financial wellbeing of your family.
Avoid the Tax Burden – Take Action Now
At SVN Vanguard, we specialize in providing comprehensive solutions to mitigate the adverse effects of Proposition 19. We understand the complexities of the legislation and can guide the process of protecting your property and preserving your financial legacy.
Example of the Disastrous impacts on Prop19 Property Taxes
In a hypothetical scenario, consider a large multifamily property in Southern California owned by a family for over 25 years. Originally intended for inheritance, the property has now passed on to the children following the passing of both parents. Due to Proposition 19, the property tax assessment has been adjusted to the market value, resulting in a substantial increase of over $5,000,000 from the former assessed value.
This adjustment has led to a significant spike in property taxes, with an 800% annual increase, equivalent to an extra $75,000 per year compared to the previous tax amount. The family is now faced with a considerable financial burden, and the tenants in the multifamily property are struggling to cope with the added costs.
Discover the True Impact on Your Property Taxes
Take advantage of our Property Tax Calculator and get a detailed report on how Proposition 19 may impact your property taxes and investment legacy.
Contact Us and Take Control of Your Legacy
Don’t let Proposition 19 catch you off guard. Take control of your financial future and protect your legacy. Fill out our Property Tax Calculator form now and receive a comprehensive report.
Contact our team today to learn more about our services and explore solutions tailored to your unique situation.
How much could your property taxes skyrocket?
Get a Free Prop 19 Property Tax Report.
Prop 19 Tax Calculator
Prop 19 Tax Calculator
Take Control of Your Legacy
Don’t let Proposition 19 catch you off guard. Take control of your financial future and protect your legacy. Complete our Property Tax Calculator form now and receive a free comprehensive property tax analysis report.
Contact our team today to learn more about our services and explore solutions tailored to your unique situation.
SVN | Vanguard Commercial Real Estate Advisors
120 W 5th St Ste 210
Santa Ana, Ca 92701
SVN | VANGUARD MULTIFAMILY GROUP
Gil Gutierrez
CalDRE Lic #02022002