Equity, before it took on its current “woke” definition, meant value, as in the accumulated value of ownership in real estate. It still means that. After 30 years of payments for housing, a tenant who pays rent has nothing. An owner who pays off a mortgage loan has equity. The...
How Prop 19 gutted property tax protections and is worsening California’s housing crisis
BY DAVE NYSTROM Nystrom lives in Pacific Grove and has 35 years of combined active duty and federal service supporting the U.S. Navy. Views expressed are the author’s. Homeownership is the cornerstone of the American dream. For many Californians, however, Proposition 19 is turning that dream into a nightmare, making unaffordable...
PETITION to REPEAL the “INHERITANCE TAX”
The Repeal of the inheritance “death tax” will restore an important taxpayer protection for all California residents.
Understanding the Impact of California’s ‘Death Tax’ on Your Legacy
Advocates from Howard Jarvis & CAREB discuss why repealing this tax matters for families. Don't miss out!
Help get the Repeal the Death Tax Act on the ballot
HJTA needs about 1.2 million signatures by January 16 to be sure the Repeal the Death Tax Act qualifies for next November’s ballot.
Video: Amendment aims to restore burden-free transfer of property from parents to kids
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...