Speaking with Nick Smith About Prop 19

Here’s what Nick Smith has to say about changes from Prop 19.

Today we’re pleased to be joined by Nick Smith from Scott and Baldwin CPA. He’s an expert on all things taxes, so we wanted to ask him a few questions about Proposition 19. It affects principal residences, and it should have a big impact on fire victims, severely disabled individuals, and the 55+ community. 

You can listen to our full conversation in the video above or skip to each topic using the timestamps provided:

0:00 — Introducing Nick and today’s topic

0:51 — The basics of Prop 19 

1:24 — This proposition lets you keep your previous rate when you move

2:38 — Can people who inherit properties take advantage of Prop 19? 

4:02 — How you can get in touch with Nick 

4:35 — You have two years to file paperwork after you sell

5:33 — Wrapping up today’s topic

Prop 19 is a great opportunity for people who need it most to save money on taxes. We are not tax experts, but Nick is! If you need to ask him any questions about today’s topic, just call him at 916-722-2524 or email [email protected].  

As always, if you have questions about anything related to real estate, please call or email us. We are always willing to help!

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