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Election 2020: Prop. 19 Would Allow Some Homeowners to Hold On to Low Property Tax Rates … And More

Election 2020: Prop. 19 Would Allow Some Homeowners to Hold On to Low Property Tax Rates … And More

KQED's Forum vor 5 Jahren

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19:14

Proposition 19 on California’s November ballot would amend the
state’s property tax structure in multiple ways. First, it would
allow homeowners who are either age 55 and older, severely disabled
or lost their home to wildfire to take their existing property tax
rates with them when they move multiple times. Second, it would
partly clamp down on what’s known as the Lebowski Loophole, which
allows people who inherit homes from their parents to keep the
existing tax rate. The measure would also direct some funding to
wildfire prevention efforts. We break down Prop. 19.