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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.
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.
The board made some updates to its position on the landmark proposition last year.
The majority of Americans are optimistic when it comes to their retirement savings. According to the Northwestern Mutual 2022 Planning & Progress Study, 23% of Americans are very confident and 37%...
On June 18, 1992, the court held that Proposition 13's acquisition-value assessment scheme does not violate the federal Equal Protection Clause. [12] When the court agreed to hear the Nordlinger case, Fox said the case was "life or death for Proposition 13." Fox also said: We will prove once and for all time that Proposition 13 is constitutional.
The House of Representatives and Senate are working along similar lines to reform laws governing retirement plans like 401(k)s and traditional IRAs. Initiatives in both bodies raise the age cap ...
Proposition 13 (officially named as the "Public Preschool, K-12, and College Health and Safety Bond Act of 2020") was a failed California ballot proposition on the March 3, 2020, ballot that would have authorized the issuance of $15 billion in bonds to finance capital improvements for public and charter schools statewide.
It's okay to scale back on retirement plan contributions temporarily I'm a firm believer that while saving for retirement is important, it doesn't have to be your top financial priority every ...