In February of 2021, Proposition 19 went into effect in California. Those who inherit property have one year to make it their permanent residence otherwise it will be reassessed at market value which leads to a significant tax increase.
My guest today is Susan Shelley, Vice President of Communications for the Howard Jarvis Taxpayers Association. Today she will explain the consequences of Proposition 19 and discuss her organizations initiative to repeal it.
Click here to watch.