Most attempts to change Prop 13 have been akin to nibbling around the edges, but this is a full assault: Full details here: https://oag.ca.gov/system/files/initiatives/pdfs/21-0023%20%28Affordable%20Housing%29.pdf
The key components of Prop 19: Now, older homeowners (55+) can take their old property-tax basis with them when they buy a more expensive home anywhere in the state — up to three times. Homeowners with disabilities will be able to do the same, plus victims of...
It was called ACA-11 while the legislators considered it, and the realtor-backed initiative is now Prop 19. In our last installment, the legislative analysis included this gem: Right now, around 80,000 homeowners who are over 55 move to different houses each year...
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...
This potential bond issue (and resulting property-tax payments) is for the City of San Diego only. From the U-T: Supporters of a $900 million housing bond say they will continue pursuing the measure for the November ballot, despite the sharp economic downturn...
The next election is 20 months away, but the discussion over Prop 13 is already heating up. It appears the fight is shaping up to be teachers vs. old guard. Excerpted from the LAT: That is where the California Schools and Local Communities Funding Act comes...
It's one thing to talk about whether Prop 5 will make a difference, because it's very speculative - we won't really know unless it passes. Will it pass? The powers that be are pushing their agenda on either side, but I doubt there are voters sitting on the edge of...
I'd sure like to see the research that makes the C.A.R. think this idea will bring a flood of inventory because Prop 60/90 already cover this issue. The realtor bashing alone might be enough to sink this proposition: Would it be a merciful end to the “moving penalty”...
The Proposition 13 Tax Transfer Initiative will be on the ballot in November. If passed, it will give those 55 and older the ability to take their old property-tax basis with them, no matter (a) the new home's market value; (b) the new home's location in the state;...
Hat tip to W.C.Varones for sending in this article. I read it, and all of the supporting documentation, but didn't find any surveys or data to back up the president's claim below that well over 1 million additional properties will change hands - he just made that up....
