Some legislators want to repeal a part of a measure that charges the heirs of a home the property taxes based on the current value of the home. Click here to view on Fox40.
Amendment aims to restore burden-free transfer of property from parents to kids
(The Center Square) - “Will California become a renter’s state or will we own homes?” asked Dr. Rosie Milligan, Author, Estate Planner from Los Angeles at the announcement of Senate Constitutional Amendment 4 (SCA 4) on May 2. “I support SCA 4 because the intent is to repeal the devastating...
How California’s Inheritance Tax Hurts Affordable Housing
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...
California’s new death tax is a year old
Anniversaries and birthdays are usually thought of as celebratory events, but on February 16th, California marked an unhappy milestone. It started in November 2020, when voters narrowly passed Proposition 19. While the initiative contained some positive elements, it also repealed an important taxpayer protection from the California Constitution that taxpayers...
Dealing with the aftermath of Proposition 19
Proposition 19 was approved by the voters in November 2020 by a narrow margin. It is a constitutional amendment to Proposition 13 that now allows seniors and the disabled to sell their home and buy a new one without, in many cases, experiencing an increase in property taxes. It also...
Repeal Proposition 19’s death tax
An initiative passed narrowly by voters in 2020 to protect wildfire victims and seniors has opened the door to massive tax increases that threaten tenants and the roof over their heads. Proposition 19 removed important taxpayer protections from the state constitution that for 35 years guaranteed that parents or grandparents...
California’s Death Tax Unleashed a Callous Tax Increase on Californians Grieving the Death of a Loved One
Californians face some of the highest taxes in the nation. We have the highest gas, personal income, and state sales tax in the country. Yet, for 35 years we haven’t had a death tax, until the narrow passage of Prop. 19 in 2020. Proposition 19 resurrected the Death Tax on hard-working...
Devil is in the details of Prop. 19
This last November California voters, by an overwhelming 51%, passed Proposition 19, the Property Tax Transfers, Exemptions and Revenue for Wildfire Agency and Counties Amendment. The constitutional amendment modifies Proposition 13, officially named the People’s Initiative to Limit Property Taxation that voters approved in 1978. Previous columns have supported Prop....
Death tax ballot initiative to “fix” last year’s Proposition 19 tax hike
In November 2020, California voters unfortunately narrowly approved Proposition 19, which is known as “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act.” Under Proposition 19, homeowners 55 and older or that are disabled pay lower property taxes when moving to a new,...
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...