- Party: Initiative
Candidate's Website: https://www.yeson19.vote/
A “yes” vote supports this constitutional amendment to:* allow eligible homeowners to transfer their tax assessments anywhere within the state and allow tax assessments to be transferred to a more expensive home with an upward adjustment; * increase the number of times that persons over 55 years old or with severe disabilities can transfer their tax assessments from one to three; * require that inherited homes that are not used as principal residences, such as second homes or rentals, be reassessed at market value when transferred; and * allocate additional revenue or net savings resulting from the ballot measure to wildfire agencies and counties. |
A “no” vote opposes this constitutional amendment, therefore continuing to:* allow eligible homeowners to transfer their tax assessments within counties and to homes of equal or lesser market value; * keep the number of times that persons over 55 years old or with severe disabilities can transfer their tax assessments at one; * allow the tax assessments on inherited homes, including those not used as principal residences, to be transferred from parent to child or grandparent to grandchild. |
Further Information: https://ballotpedia.org/California_Proposition_19,_Property_Tax_Transfers,_Exemptions,_and_Revenue_for_Wildfire_Agencies_and_Counties_Amendment_(2020)