What are the tax consequences of downsizing in Ravenel?

Downsizing in Ravenel carries two tax questions worth separating: capital gains on the home you are selling, which depends on your basis and how long you owned and lived in it, and the new property tax bill on whatever you buy next, which resets based on that home's assessed value and your legal-residence filing. Neither number is fixed until your CPA runs your actual basis and the county assessor sets the new bill. Brian Beatty coordinates the sale timeline so both questions get answered before you are locked into a purchase.