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Proposition 5 is a California ballot proposition that was voted on as part of the 2024 California elections on November 5. It failed, with 55.0% of voters voting "no." [ 1 ] If passed, the proposition would have amended the California Constitution to reduce the supermajority requirement from two-thirds of the vote to 55% for local bond measures ...
Proposition 5 will lower the voter threshold required to pass local affordable housing and transportation bond measures.
Initiative Constitutional Amendment and Statute. Will amend 1978's Proposition 13 by allowing homeowners who are over 55 years old or severely disabled to transfer their property tax base from their old home to their new one, regardless of the new residence's property value, location, or their previous transfers. [46] 6: Failed
Proposition 5, also known as Prop 5 or Property Tax Transfer Initiative, was a 2018 California ballot proposition intended to allow people buying houses who are severely disabled or 55 and over to transfer their tax assesments from their previous house to their new house regardless of the new house's market value or the location of the new house.
Real estate interests are leading the opposition to California's Prop 5 which would make it easier to raise money for affordable housing.
Real estate interests are leading the opposition to California's Proposition 33 which would allow cities and counties to dramatically expand rent control.
In California, a ballot proposition is a referendum or an initiative measure that is submitted to the electorate for a direct decision or direct vote (or plebiscite). If passed, it can alter one or more of the articles of the Constitution of California , one or more of the 29 California Codes , or another law in the California Statutes by ...
Proposition 215 (1996) Passed: Legalizing medical marijuana under California law. Proposition 218 (1996) Passed: Right to vote on local taxes; assessment and property-related fee reforms; initiative power expansion in regard to local revenue reduction or repeal. Constitutional follow-up to Proposition 13 (1978). Proposition 22 (2000)