Allows homeowners who are over 55, disabled, or wildfire/disaster victims to transfer primary residence’s tax base to replacement residence. Changes taxation of family-property transfers. Establishes fire protection services fund. Fiscal Impact: Local governments could gain tens of millions of dollars of property tax revenue per year, probably growing over time to a few hundred million dollars per year. Schools could receive similar property tax gains.
YES A YES vote on this measure means: All homeowners who are over 55 (or who meet other qualifications) would be eligible for property tax savings when they move. Only inherited properties used as primary homes or farms would be eligible for property tax savings.
NO A NO vote on this measure means: Some homeowners who are over 55 (or who meet other qualifications) would continue to be eligible for property tax savings when they move. All inherited properties would continue to be eligible for property tax savings.
PRO Prop. 19 Limits Taxes on Seniors, Severely Disabled Homeowners, and Wildfire Victims; CLOSES unfair tax loopholes used by wealthy out-of-state investors; and PROTECTS Prop. 13 savings. Join Disability Rights and Senior/Housing Advocates, Firefighters, Emergency Medical Responders, Business & Labor, Democrats & Republicans. Get the Facts at YESon19.vote.
CON Proposition 19 is a billion-dollar tax increase on families. It takes away one of the best tools parents have to help their children—the right, enshrined in California's Constitution since 1986, to pass their home and other property on without any increase in property taxes. VOTE NO ON 19.