You Decide in 60 Seconds: Prop 19

Posted at 4:01 PM, Oct 13, 2020
and last updated 2020-10-13 20:02:28-04

Let's take a look at Proposition 19, which would change the property tax rules in California.

Prop 19 could be good news for homeowners who are 55 and older or disabled, who feel trapped in their home because they can't afford to pay new property taxes if they move.

The measure would allow them to transfer their current tax assessment to a primary home anywhere in the state without paying higher taxes, as long as the home costs the same or less. The new rules would also apply to wildfire and disaster victims.

Prop 19 also requires a child to live in an inherited home to keep the big tax break the law currently provides. And that's where most of the opposition is coming from.

Critics say Prop 19 takes away one of the best tools parents have to help their children, by passing their home on without an increase in property taxes.

Prop19 Title Summ Analysis