An overhaul of Proposition 13, California’s landmark tax-control measure, could go before state voters next year under a plan adopted last month by the California Association of Realtors.
The trade group is launching a signature drive to put a new proposition on the November 2018 ballot that would expand tax breaks for homeowners age 55 and older or those who are disabled.
If passed, the proposition would allow senior and disabled homeowners to transfer their low, existing Prop. 13 tax assessment to a new home anywhere in the state, using the option as often as they choose and paying any price for their new home.
Realtors say the provisions would help older owners “locked in their homes” because they’re reluctant to give up low Prop. 13 tax assessments when buying a new residence. Realtors maintain at least 70 percent of seniors haven’t moved in 17 years.
Let’s be real about this…realtors never do anything to help anyone, except themselves. This ballot initiative is a scam.