Congratulations! You’ve made it to the final post in our series. You now have a solid understanding of Proposition 19, its benefits, and the key rules to follow. Now, let’s bring it all together into a final, actionable checklist to help you decide if downsizing with Prop 19 is the perfect next step for you.

This simple checklist will help you determine if you’re ready to start your journey.

Your Checklist for a Prop 19 Downsize

• Are you 55 or older? This is the main requirement to qualify for the tax base transfer benefit.
• Have you used your three transfers yet? Remember, this is a lifetime benefit you can use up to three times, offering you incredible flexibility for future moves.
• Have you owned and lived in your home as your primary residence? The law requires that both your old and new properties be your principal place of residence.
• Are you ready to purchase and sell within the two-year window? The timeline for both transactions is a critical part of the process.
• Are you prepared to file the necessary claim form? This benefit is not automatic, so you must file the proper paperwork with the county assessor’s office.

Final Thoughts

Downsizing is more than just a change of address—it’s an opportunity to embrace a new, simpler, and more enjoyable chapter of your life. Proposition 19 was designed to make this transition easier and more financially rewarding for California homeowners like you.

By following the steps we’ve outlined in this series, you can feel confident and in control of your move. A smaller home, a bigger bank account, and a life with more freedom are all within your reach.

What’s Your Next Step?

While this series is a great starting point, every situation is unique. For personalized advice and to see if Prop 19 is the right fit for your specific needs, the best thing you can do is talk to a professional.

Contact me today for a no-obligation consultation. I’m here to help you navigate this exciting journey and make your downsizing dream a reality!