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Proposition 13 alters the balance of the housing market because it provides disincentives for selling property, in favor of remaining at the current property and modifying or transferring to family members to avoid a new, higher property tax assessment. [45] [46] Proposition 13 reduces property tax revenue for municipalities in California.
Depending on when you bought in California, Proposition 13 has kept your property taxes low while your newer neighbors pay far more, essentially subsidizing those with artificially low taxes.
California's property tax law means radically different taxes are paid on similar homes. There are better ways to achieve Prop. 13's protections for low-income and older homeowners.
California Proposition 13 may refer to: 1978 California Proposition 13, People's Initiative to Limit Property Taxation; 2010 California Proposition 13, Seismic Retrofitting; 2020 California Proposition 13, Public Preschool, K-12, and College Health and Safety Bond Act
The board made some updates to its position on the landmark proposition last year. Fact check: Is Proposition 13 under attack? SLO County supervisors disagree on changes
28 – Passed – California Safe Drinking Water Bond Law of 1984. 29 – Passed – Veterans Bond Act of 1984. 30 – Passed – Senior Center Bond Act of 1984. 31 – Passed – Property Taxation. Fire Protection System Exclusion of 1984. 32 – Passed – Supreme Court. Transfer of Causes and Review of Decisions of 1984.
Transfer of Base Year Value. 172 – Passed – Local Public Safety Protection and Improvement Act of 1993. 173 – Failed – California Housing and Jobs Investment Bond Act. $185 Million Legislative Bond Act. 174 – Failed – Education. Vouchers.
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