Proposition 19: How It Actually Affects Selling Your San Jose Home

California's Proposition 19, enacted five years ago, brought significant changes to real estate taxes, offering a substantial financial opportunity for long-term homeowners. Many eligible individuals remain unaware of these benefits, particularly those considering retirement planning or senior living options. This video explores how homeowners can leverage their home equity and the new tax planning strategies under Prop 19, especially if they've been in their homes since the late 80s or 90s. You'll learn: — How tax base portability works and what the numbers actually look like in practice — The filing deadline most sellers miss — and how missing it costs $10,000 a year or more — What Prop 19 changed for parent-child transfers, and why the old assumptions no longer hold — The sequence of steps to protect the benefit from sale through filing Nothing in this video is tax or legal advice. Work with a CPA and estate planning attorney before making any decisions. This is the framework — so you know the right questions to ask. Kip Barnard has worked with long-term homeowners across Santa Clara County navigate exactly these decisions before, during, and after the sale. 0:00 What Prop 19 Actually Changed for Long-Term Homeowners 1:10 Real Example: The Cambrian Couple Who Thought They Were Stuck 3:05 Tax Base Portability — How It Works Statewide 5:20 What Happens When You Buy Up vs. Buy Down 7:15 The Filing Deadline That Costs Sellers $10,000 a Year 9:40 Parent-Child Transfers: What Prop 19 Took Away 12:00 The Right Sequence Before You List or Accept an Offer 13:30 Who Needs to Be in the Room Before You Make a Move #SanJoseRealEstate #Proposition19California #HomeSellingTips #SiliconValleyHomes #PropertyTaxPortability Kip and Tam | Barnard Group specializes in seller-first representation across Cambrian, Willow Glen, and the greater San Jose area with deep expertise in pre-sale preparation strategy, relocation, and pre-market buyer access. 35+ years combined Silicon Valley experience. 163+ five-star reviews across Zillow, Google, FastExpert, and Yelp. 📕 Free Seller's Guide: https://kipandtam.com/seller-guide 🏡 Thinking about selling? Start here: https://americandreamkt.com ▶️ Selling tips playlist:    • Sell Your Home Like a Pro: Insider Tips fo...   CONTACT Kip and Tam | Barnard Group | Compass 📞 (408) 515-8277 💌 [email protected] 🌐 kipandtam.com CA DRE #01428934 | #01775755 📍 Serving Cambrian, Willow Glen, and greater San Jose 🗺 https://maps.app.goo.gl/DkR6e4v9AyRzB... This content is for informational purposes only and does not constitute legal or tax advice. Consult a licensed professional for guidance specific to your situation.