Prop 13 saves California's long-term homeowners up to $11,000 annually in property taxes compared to what a new buyer pays on the same home.
Texas property taxes, Florida insurance, and annual family travel costs can easily erase $30,000 or more in expected savings after relocating from California.
Californians over 55 can use Proposition 19 to downsize within the state, preserve their Prop 13 tax base, and free up $750,000 in equity.
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A couple in their early 70s sits on a paid-off California home and watches a familiar pattern unfold. Friends leave for Texas, Tennessee, Arizona, and Florida, lured by lower taxes, cheaper housing, and the promise of stretching retirement dollars further. The temptation is understandable. On paper, selling a California house and relocating can unlock hundreds of thousands of dollars in home equity while reducing everyday expenses.