Prop 19 Property Reassessment Measure Explained

 Prominent Prop 19 supporters include Gov. Gavin Newsom (Getty, iStock)
Prominent Prop 19 supporters include Gov. Gavin Newsom (Getty, iStock)

$57 million.

That’s how much Proposition 19 supporters have spent to persuade voters to approve the ballot question. According to state records, over $51 million has come from the California Association of Realtors, while the National Association of Realtors pitched in nearly $5 million.
What have opponents spent? Zero.

Under existing state law, virtually all homes in California have their values reassessed after being purchased.

Prop 19 would allow anyone over 55, severely disabled, or the victim of wildfires to move into a new home but be taxed based on their old assessment.

Take a 57-year-old who bought a house in 2000 that was assessed then at $100,000. If she buys a house this year for $1 million, her tax bill will be the same as it was on the old home based on its 20-year-old assessment.

Despite such tax

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Unions, real estate companies spend big on CA Prop 15 fight

Unions and big real estate companies are locked in an expensive fight over proposed changes to California property tax rules, each dropping tens of millions of dollars on ads to persuade voters in the final stretch before Election Day.

If it passes Nov. 3, Proposition 15 would overhaul the state’s property tax system by taxing commercial property owned by large businesses based on current market value instead of purchase price. The change would result in a big tax increase for many businesses and billions more in revenue for schools and local governments.

Independent polls have found voters are closely divided on the issue with just days to go before voting ends.

Proposition 15 supporters have raised more than $62 million this year, mostly from unions and the Chan Zuckerberg Initiative, the philanthropic organization of Facebook founder Mark Zuckerberg and his wife, pediatrician Priscilla Chan.

Opponents have reported raising roughly $69

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Will Big Real Estate Spend $100 Million to Kill California’s Prop 21?

Law returns decision-making process on whether to enact rent control measures to local jurisdictions, communities, and local elected officials. It does not mandate or require rent control anywhere in California, but simply allows local communities to decide what’s best for them.

Over the last several months, the real estate industry has shelled out nearly $84 million in campaign cash to kill California’s Proposition 21, the November ballot initiative that will limit unfair rent increases and preserve affordable housing. The big question now is: will corporate landlords such as Essex Property Trust, Equity Residential, and Blackstone Group spend $100 million to try to stop the statewide initiative?

Prop 21 puts limits on unfair, sky-high rent increases, reins in corporate landlord greed, and prevents homelessness. Top experts at USC, UCLA, and UC Berkeley agree that sensible rent limits are key for stabilizing California’s housing affordability crisis. The need for stable, affordable housing

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I’m a ‘no’ on dialysis measure Prop. 23 and ‘yes’ on the property tax breaks in Prop. 19. Here’s why

VICTORVILLE, CA - APRIL 25: Annie Gibson, a hemodialysis nurse, left, attends to a COVID-19 patient Rue Arnwine Jr. who is on dialysis at Desert Cities Dialysis. Victorville, CA. (Irfan Khan / Los Angeles Times)
Annie Gibson, a hemodialysis nurse, left, attends to a COVID-19 patient who is on dialysis at Desert Cities Dialysis in Victorville. (Irfan Khan / Los Angeles Times)

Proposition 19 is simple: either aging homeowners get a big new property tax break or their offspring heirs keep an old one.

Either the parents benefit, or their children do.

Most of these state propositions can be annoyingly complicated if you let them.

State Atty. Gen. Xavier Becerra sometimes doesn’t help by writing ballot titles and summaries that attempt to lead voters toward the position of his Democratic Party. His two predecessors — Kamala Harris and Jerry Brown — did the same. More on that another day.

Proposition 23 also might seem complicated, but really boils down to a simple question: Should kidney dialysis clinics be required to hire an extra doctor to be on hand while patients are undergoing treatment? Never mind

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Which businesses would pay more property tax under Prop. 15?

For more than four decades, privately owned land in California has been taxed under a one-size-fits-all system. Be it a duplex or a delicatessen, a ranch or a sprawling ranch-style home, the same limits apply to all property owners.

Proposition 15 would change that, splitting millions of acres of land and buildings into two categories: one for homeowners — whose tax limits would remain unchanged — and one for businesses, whose property tax payments would rise. The new revenues, totaling as much as $12.5 billion under one independent analysis, would be set aside for local governments and public schools.

Supporters argue the change would mostly affect large corporations, removing the low-tax protections provided by Proposition 13 in 1978 while shielding California’s entrepreneurs and farmers.

But the changes will take time and won’t come easy. While Proposition 15 may target expensive corporate properties, it also takes aim at Californians who own

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