Downsizing in the Central Valley: How Proposition 19 Can Save You Thousands

Downsizing your home can be a big decision, but it can also lead to significant savings—especially with the property tax benefits made possible under Proposition 19. For many Central Valley homeowners, this law opens the door to both financial freedom and lifestyle flexibility. Whether you live in Fresno, Clovis, Visalia, Bakersfield, Madera, or anywhere else in the Central Valley, understanding how Proposition 19 works is key if you’re considering selling your home and moving into a more manageable space.

What Is Proposition 19?

Proposition 19 allows qualifying homeowners—those 55 or older, individuals with a severe disability, or victims of natural disasters—to transfer their property tax base to a new home. This means you can sell your existing home and purchase another (even if it’s more expensive) without being penalized by today’s higher property tax values.

Example: If you originally bought your Central Valley home years ago for $300,000 and it’s now worth $700,000, downsizing to a $500,000 property could still allow you to carry over your $300,000 tax base. That savings on property taxes could free up thousands of dollars each year.

Benefits of Proposition 19 for Central Valley Homeowners

• ✅ Transfer Your Property Tax Base – Keep your lower tax rate even when buying a more expensive home.
• ✅ Eligible Across California – Though especially impactful in high-growth areas like Fresno County, this law applies statewide.
• ✅ Downsize Without Financial Penalty – Perfect for retirees or empty nesters wanting to simplify.
• ✅ Flexibility in Location – Move anywhere in California, not just within your county.
• ✅ Multiple Transfers Allowed – Homeowners can transfer their tax base up to three times.

If You’re Not Looking to Sell…

Selling isn’t the only way to unlock the equity in your home. If you’d prefer to stay put, I offer reverse mortgage options—both first and second mortgages—that allow you to access your equity with no monthly mortgage payments required. This is a powerful tool for Central Valley homeowners who want financial flexibility while remaining in the home they love.

Funds from a reverse mortgage can be used for:

• Supplementing retirement income
• Covering medical expenses
• Home renovations or repairs
• Travel or lifestyle upgrades
• Assisting family members financially

If You’re Looking to Sell and Buy Again…

If your goal is to sell and then purchase another home, I work closely with some of the top real estate agents in Fresno, Clovis, and throughout the Central Valley. I’d be happy to connect you with a trusted Realtor who understands both the local market and the unique benefits of Proposition 19. Together, we can help you secure top dollar for your sale and smoothly transition into your new home.

Making the Move Easier

Downsizing isn’t just about saving on property taxes—it’s about creating the lifestyle you want for this next chapter. With my decades of mortgage experience in the Central Valley, I’ll guide you through:

• Pre-approval for your next purchase
• Evaluating the financial benefits of downsizing
• Connecting with Realtors who specialize in your market
• Exploring reverse mortgage solutions if you prefer to stay put

Ready to Explore Your Options?

Whether you want to downsize with Proposition 19, stay in your home and tap into equity with a reverse mortgage, or need a trusted Realtor referral, I’m here to help.

📞 Call or text me today at 209-227-7745 or 559-476-9279
📧 Email: rbrtclark53@gmail.com
🌐 Visit: robertclarkloans.com

Let’s work together to make the most of your homeownership journey here in California’s Central Valley.