When do i vote for prop 19

The two funds that would be created by this initiative meet none of these criteria. Alarmingly, no one has even estimated the probable dollar amount that would be automatically appropriated into these funds. California has faced many disasters over the last thirty years — power shortages, earthquakes, and a pandemic as well as forest fires. The legislature needs the flexibility to budget based on current needs and priorities.

Support measures to ensure revenues both sufficient and flexible enough to meet changing needs for state and local government services; that contribute to a system of public finance that emphasizes equity and fair sharing of the tax burden as well as adequacy; that include long range finance methods that meet current and future needs while taking into account the cumulative impact of public debt. Prop Property Tax Breaks Share:. Our Stance Oppose. And this one here, Mr. Armstrong, he helped us with some plumbing.

Olivia Allen-Price [] So he's been on the block for 40 some years. How much was that house when he first bought it? Scott Shafer [] Well, it's very funny, he pointed to a car, his car, that was parked in front of the house. And he said:. Scott Shafer [] It's like a Toyota, you know, not something he could find in his, you know, the cushions of his couch. But nonetheless, you get a sense of, you know, how much it's gone up. It's — those houses now sell for three quarters of a million or more.

Kenneth Wilkins [] I never dreamed that a house would be sold for over a million in this neighborhood. Olivia Allen-Price [] Because Kenneth has been the same house for so long, he's benefited from Proposition 13, the law that passed in that dramatically curtailed how much homeowners pay in property taxes. Scott Shafer [] His tax bill is, I don't know exactly what it is, but it's a lot less than somebody who lives next door and just bought the house and is paying taxes based on the market rate assessment.

But, here's what's important to remember; it based the property tax that homeowners pay on the purchase price of the home. So, as home values have gone up, like they have in Kenneth's neighborhood, the tax bills that homeowners like Kenneth pay, have stayed about the same.

Joe Fitzgerald Rodriguez [] As a senior homeowner your taxes basically haven't gone up a lot since you first originally bought your home. He's gonna help us out today. Now, in some ways, Prop 13 was a huge success. It stabilized property tax bills and has helped a lot of people stay in their homes. But it also brought about some problems, problems that proponents of Prop 19 say they're going to fix. For one, property taxes fund our schools. So, lower taxes has meant less money for education.

Joe Fitzgerald Rodriguez [] We used to be, you know, one of the top per pupil spenders on schools, but now we're among the lowest.

Olivia Allen-Price [] Another issue is low tax bills have effectively trapped some older folks in their homes. Joe Fitzgerald Rodriguez [] What it looks like now is that when you buy a new home, right, you all of a sudden are seeing your property tax rate go up by an incredible amount because yours has been frozen in time. And this, people contend, has scared some seniors from wanting to buy new homes, having a ripple effect throughout the home buying economy.

Olivia Allen-Price [] Because the property tax value resets every time a house is sold, local governments and schools get more money when there's a higher turnover in our housing stock.

And people are concerned that the way that laws are set up now discourages that kind of turnover. To address those issues — and at the urging of realtors who stand to gain a lot here — the California legislature put Proposition 19 on this year's ballot. It does three main things. Let's start with the big one. Joe Fitzgerald Rodriguez [] So what this would do, would allow you, as a senior, to basically take the amount of property tax you pay now and take that with you to the new home you're buying, assuming it's around the same price.

When more seniors are moving out of their long term homes, there is a hope that younger folks will be able to purchase those homes and spur more buying across the market. Olivia Allen-Price [] If a senior, which this prop defines as 55 and older, wanted to move to a more expensive home, they'd pay a bit more. Joe Fitzgerald Rodriguez [] The formula is: The home that you are buying, that price, let's say it's , dollars, minus the home you're selling, let's say it's , dollars.

The difference is , dollars, right. Biden honors first Veterans Day in office with expanded VA benefits. Fresno man finds out he was declared dead by LA County coroner. Vehicles catch fire at north Fresno car dealership. More expansion projects in the works at Fresno airport. This typically occurs upon the death of the trustor. Thus, the date of death is considered to be the date of change in ownership.

To apply for the homeowners' exemption or disabled veterans' exemption , a claim must be filed with the County Assessor. Both forms can be obtained from and submitted to the local County Assessor's office where the property is located. Principal residence of transferor No value limit Residence and homesite excess land may be excluded as "other property".

Eliminates exclusion for other real property other than the principal residence. Parent s of grandchild, who qualifies as child ren of grandparent, must be deceased on date of transfer. No change: parent s of grandchild, who qualifies as child ren of grandparent, must be deceased on date of transfer.

File claim within 3 years or before transfer to third party. File for homeowners' exemption within 1 year of transfer. Purchase or newly construct residence within 2 years of sale.

Same county County with intercounty ordinance 10 counties. One time Exception: After using once for age, second time for subsequent disability. Purchase or newly construct property within 5 years of disaster. Disaster for which the Governor proclaims a state of emergency. Wildfire, as defined, or natural disaster as declared by the Governor.

Purchase or newly construct principal residence within 3 years of disaster. Purchase or newly construct principal residence within 2 years of sale.