Prop 19 Explained

by | Jul 3, 2020 | Jim's Take on the Market, Prop 13, Tax Reform | 4 comments

We heard from the C.A.R. president last Friday about realtors joining with the firefighters to push for more tax breaks for seniors.  Thanks to Liam who explained the newly-labeled Prop 19 on Twitter yesterday, and for providing the link to the actual calculations being made to justify the changes:


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Here is the legislative analysis:

https://lao.ca.gov/ballot/2019/190479.pdf

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Jim the Realtor
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4 Comments

  1. Another Investor
    Another Investor on July 3, 2020 at 8:51 am

    If it’s retroactive, which I doubt, I will put the rental on the market as soon as the lease expires. Exchange for property outside of California. It’s hard enough to make any money on rentals here. There will be a lot fewer small landlords in the future as a result of this measure.

  2. The Old Man
    The Old Man on July 3, 2020 at 12:51 pm

    Ok Boomer

  3. Rob_Dawg
    Rob_Dawg on July 4, 2020 at 4:21 pm

    Bottom line, higher taxes via “blending” for people currently protected by Prop 90 et al.

  4. kate
    kate on November 5, 2020 at 11:24 am

    Look forward to giant rent increases to cover the extra tax.

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