Palms to Pines REALTOR® DRE 02202075
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finding the right home is not just about property; it is about finding a home that feels like it was made for you, where your life and style align
build wealth, cash flow, leverage, tax advantages, and create an inflation hedge
optimize your property worth whether you are downsizing or accessing equity to invest in your next property journey
generate passive income and cash flow while growing equity with tax advantages
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property acquisition offers significant long-term financial advantages, including, but not limited to, wealth accumulation through equity, property appreciation, as well as valuable tax deductions,
acting as a hedge against inflation providing stability, pride of ownership, and control over your living space compared to renting.
your journey starts HERE
Property investment offers a robust, long-term wealth-building strategy through consistent cash flow, tax advantages, and appreciation.
Key benefits include using leverage to control large assets, hedging against inflation, building equity, and diversifying portfolios with a tangible, high-control asset.
These factors, combined with passive income potential, provide significant financial stability.
Selling a property is often driven by changing lifestyle needs, financial goals, or market opportunities.
Top reasons include upgrading to a larger home, downsizing after children move out, relocating for work, cashing in on high market value (equity), reducing maintenance, and inheritance.
your journey starts HERE
Develop:
Developing property offers high-profit potential, significant tax advantages, and the ability to build, create, or enhance assets for long-term wealth, passive income, and portfolio diversification.
It allows for leveraging capital to build high-demand residential or commercial spaces, capitalizing on market appreciation while providing an effective hedge against inflation.
All information provided in this website is deemed reliable but not guaranteed and should be independently verified.
©palmstopinesrealtor.com ©openhouse.house
Valuable Tax Deductions:
Valuable tax changes taking effect for the 2026 tax year include an expanded
State and Local Tax (SALT) deduction
of up to $40,400
($20,200 for married filing separately)
for combined property and income/sales taxes.
Additional benefits for homeowners include deductible mortgage points, Private Mortgage Insurance (PMI) premiums, and potential capital gains exclusions on home sales.
Hedge Against Inflation:
CA real estate acts as a strong inflation hedge due to limited supply, high demand, and Prop 13 tax benefits, allowing property values and rents to outpace inflation.
Key strategies include securing long-term fixed-rate debt, focusing on high-growth rental markets, and utilizing value-add renovations like ADUs to increase income.
Key CA Real Estate Inflation Hedge Strategies
All information provided in this website is deemed reliable but not guaranteed and should be independently verified.
©palmstopinesrealtor.com ©openhouse.house
What are the new Prop 13 rules in CA?
Proposition 13 requires assessment of each taxable property based on its fair market value and limits a property owner's general levy tax to 1 percent of the assessed value.
For example, an owner of a home assessed at $420,000 will pay a general levy tax of $4,200.
Prop 19 - CA constitutional Amendment
Proposition 19 (effective April 2021) in Riverside County allows homeowners over 55, disabled, or disaster victims to transfer their primary residence's tax base to a new home anywhere in CA, regardless of price, up to three times.
It also limits tax benefits for inherited property, requiring it to be a primary residence to avoid reassessment.
Key details - Prop 19 in Riverside County
Application:
Applications for these transfers must be filed w/
Riverside County Assessor - County Clerk - Recorder
Key Forms:
Specific forms (e.g., BOE-19-B for age 55+) are used for applying for these tax changes, which are processed by the county.
For more information, homeowners may contact
Riverside County Assessor - County Clerk - Recorder
It is advised to consult a tax professional or legal counsel regarding specific property transfers under these new rules.
Riverside County property taxes are generally capped at 1.25% of a property’s assessed value, comprising a 1% base rate plus voter-approved overrides and special assessments (e.g., Mello-Roos).
Taxes are based on the January 1st assessed value, often capped by Proposition 13 at a maximum 2% annual increase, and are payable in two installments (due December 10 & April 10).
Key Details for Riverside County Property Taxes:
Following a change in ownership or new construction, a supplemental bill will be issued for the difference in value.
Important Exemptions:
Homeowners may qualify for a $7,000 exemption on their primary residence. Proposition 19 allows homeowners over 55, disabled individuals, or wildfire victims to transfer their property tax base to a new home.
Where to Pay:
Riverside County Treasurer-Tax Collector
For more specific information, residents may inquire here: