Bob HilleryCR PropertiesAs the real estate market is in a quiet phase due to this time of year, I have been looking around for interesting subject matter to report in my weekly article and I came upon Proposition 19. Even though the real estate market isn’t a fast-moving train right now, a friend of mine is utilizing Proposition 19 after the passing of her mother so regardless of market activity, it is a salient subject.I’ll hit the wavetops to create interest, but I am by no means an expert; my recommendation is to speak with the local assessor’s office and your trusted CPA if this article piques your interest.Passed by the California voters, it took effect after Feb. 15, 2021, and dramatically changed the property tax rules exempting the following: Primary residence
