By Jon Coupal Support is growing for the idea that parents can help their families climb the economic ladder by building generational wealth through property ownership. Surprisingly, this support has even been spotted in the opinion pages of the Los Angeles Times. It’s surprising because the Times has previously taken...
California’s tax on inherited properties hurts minority communities
Housing. It’s an issue full of inequities that continue to impact minority and Black families in California. Whether it was redlining in the 1930s, a discriminatory practice of denying financial services to residents of certain areas based on their race or ethnicity, or racist language embedded in property records, people...
HOWARD JARVIS GROUP AIMS TO KILL “DEATH TAX”
The Howard Jarvis Taxpayers Association is recruiting an army of volunteers for a new initiative to repeal the “death tax” that was a little-noticed provision in last November’s Proposition 19. HJTA filed the initiative, No. 21-0015, with the attorney general’s office in August and is aiming to qualify the measure...
HJTA Files Initiative to Repeal the Death Tax Imposed by Proposition 19
SACRAMENTO—The Howard Jarvis Taxpayers Association filed an initiative with the attorney general’s office on Thursday that aims to reverse the tax increase on parent-child transfers of property that was part of Proposition 19, a constitutional amendment narrowly passed in November 2020. “Many voters did not realize that Prop. 19 took...
HJTA announces support for ACA 9 to reverse new inheritance tax
The Howard Jarvis Taxpayers Association today announced its strongest support for Assembly Constitutional Amendment 9, introduced by Assemblyman Kevin Kiley (R-Granite Bay) on Monday. ACA 9 would reverse the new inheritance tax on property passed from parents to children, a little-noticed part of Proposition 19 affecting middle-class families that have...
Howard Jarvis Taxpayers Association launches effort to reverse tax hike in Prop. 19
The Howard Jarvis Taxpayers Association is launching an effort to reverse the damaging property tax increase on inherited homes and businesses that was enacted with the passage of Proposition 19 in November. "It’s hard to imagine anything more callous than the government sending a giant tax bill to a bereaved...
Legislation seeks to delay new tax increase on California property
A new bill that would defer implementation of Proposition 19 – a ballot measure that passed by a small margin in November – is designed to provide relief to families and businesses now facing unexpected tax bills. Proposition 19 would force the reassessment to market value of property transferred within...
Amid Prop. 19 uncertainty, family fears for 134-year-old Sonoma Coast ranch
By Andrew Graham On a ridgeline northwest of Bodega, cattle dot a sloping field, oblivious to the soaring, million dollar view and waiting, as livestock here have for more than a century, for the nourishing hand of a member of the Ryan clan. In a hollow below the ridge, smoke...
PD Editorial: Easing the tax bite from Prop 19
By the Press Democrat Editorial Board Proposition 19 did more than its TV advertising campaign suggested. The measure, backed by the real estate industry, was presented as relief for senior citizens and wildfire victims, who would be allowed to buy new homes while avoiding higher property taxes. As a sweetener,...
Prop. 19 poses challenges to taxpayers, assessors
By Los Angeles County Assessor Jeff Prang As a long-time reader, first-time writer in The Downey Patriot, I want to briefly introduce myself and my office. As the LA County Assessor, I am one of three Countywide elected officials - the other two being better known than me - the...