News

October 1, 2018

Opinion: The Daily Post’s recommendations on the state ballot propositions

From rent control to gas taxes, from water projects to property tax valuations, Californians will have a variety of propositions to decide in the fall election. Here’s the Daily Post’s view of the 11 measures on the state ballot. Prop 9, which would have started the ball rolling on dividing California into three states, was…
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September 29, 2018

Opinion: Prop. 5 would expand seniors’ housing opportunities

The initiative would clean up confusing and inconsistent law that varies from county to county throughout California Baby Boomers in California who want to downsize from their three- or four-bedroom home now that their children are grown and gone face a costly scenario. If they sell, they lose their longtime property tax protections and face a…
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September 28, 2018

Opinion: Yes on Proposition 5

California’s housing crisis, largely a consequence of housing production insufficient to keep pace with population growth, has made it hard for many aspiring homeowners to find a place to call home. At a time when legislators and activists are considering a wide range of options, from rent control to streamlining housing development, it is important…
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September 21, 2018

Opinion: Yes on Proposition 5

California’s housing crisis, largely a consequence of housing production insufficient to keep pace with population growth, has made it hard for many aspiring homeowners to find a place to call home. At a time when legislators and activists are considering a wide range of options, from rent control to streamlining housing development, it is important…
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September 13, 2018

Is Proposition 13 Tax Break Likely to Change Soon?

Proposition 13 has been part of California real estate since back in the late 1970s. It was originally promoted as a way to help elderly people keep their homes because of rising taxes of the surrounding properties when sold. Back then, as homes in the neighborhood sold at higher prices, other homes were reassessed by…
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September 12, 2018

Proposition 5: Good for Homeowners Over 55 and The Housing Market

Proposition 13, the sweeping 1978 ballot measure that capped annual property tax increases at 2 percent until a property gets sold, is still supported by most Californians 40 years later, but it is often criticized by unions and others who claim it defunds government in California. The larger view is that it has helped families preserve their wealth through repeated housing…
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August 15, 2018

Why Prop 5 Restores Fairness to Tax System

Seniors in California who want to downsize from their three- or four-bedroom home, now that their children are gone, find themselves facing a costly and daunting dilemma. If they sell, they would lose the property tax protections they’ve enjoyed under Proposition 13. Instead of paying what experts are calling a steep “moving penalty” in the…
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August 10, 2018

Proposition 5: A Step in The Right Direction to Dealing with State’s Housing Crisis

California has a housing shortage problem that is talked about quite a bit, but very few solutions that make fiscal sense are offered. Housing prices are rising beyond affordability for the middle class in most markets, and certainly for first-time buyers in almost all markets due to the law of supply and demand. We simply…
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July 15, 2018

These Tax Laws Are Holding Back California’s Housing Market

Forty years ago last month, Californians passed Proposition 13, the property-tax limitation that helped spark a national tax revolt. It’s still popular. In a March survey by the Public Policy Institute of California, 57 percent of residents, and 65 percent of likely voters, said it had been mostly good for the state, with only 23 percent saying…
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July 3, 2018

Property tax proposal would give older folks incentive to move

FRESNO, Calif. (KFSN) — Under California’s Proposition 13, property tax increases are limited, so over time, a home could be worth a lot more than the value it is taxed on. The taxed value doesn’t reflect the current value until the home is sold. Fresno Realtor Don Scordino believe that tax rule has kept some…
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May 17, 2018

Want to buy a home in California? Here’s how much you need to earn – by county

You’ll need to earn at least $333,270 a year to qualify to buy a median-priced home in San Francisco — but not all of California is that costly: An income of $35,400 is enough in Lassen County. A California Association of Realtors housing report on the first quarter of 2018 lists median home prices, estimated…
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May 17, 2018

Measure To Eliminate California’s ‘Moving Penalty’ Qualifies For November Ballot

A new voter initiative that would allow Baby Boomers in California to avoid what’s been called the “moving penalty” when they buy a pricier home has qualified for the November ballot. The measure, which is sponsored by the California Association of Realtors, would give California homeowners 55 and over a property tax discount when they…
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May 17, 2018

November Ballot Measure That Provides Property Tax Fairness for California Seniors, Disabled, and Victims of Natural Disasters is Eligible for November Ballot

SACRAMENTO (May 17) – The Homeowners for Families and Tax Savings for Seniors Committee issued the following statement in reaction to the announcement by California’s Secretary of State that the Property Tax Fairness Initiative has been declared eligible for the November 6, 2018, General Election ballot. When passed, the measure will eliminate what amounts to…
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April 13, 2018

Nearly 1 million signatures filed for initiative to strike Prop. 13’s ‘moving penalty’

Backers of a statewide initiative aimed at expanding Prop. 13 for senior homeowners have submitted almost a million signatures to election officials, more than enough to qualify the measure for next November’s ballot, the California Association of Realtors, the initiative’s principal backer, has announced. Now election officials must verify the petitions to make sure they…
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April 4, 2018

Voters can halt property tax ‘moving penalty’

California has long been a state that has made a priority of protecting seniors, people with disabilities and victims of natural disasters. Regardless of the challenge, Californians always rise up to support one another. The latest example of this is the signature-gathering process for a measure that, when enacted, will protect people aged 55 and…
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March 30, 2018

Could a tax incentive pry empty nesters from their oversize homes?

One problem afflicting the Bay Area and other regions is that a growing percentage of people are “over-housed” or living in homes with unused bedrooms. This is largely because Baby Boomers make up a growing portion of the population and, like generations before them, can’t bear the stress of leaving a home full of memories…
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March 26, 2018

California measure could spur more seniors to sell homes, easing the state’s housing crunch

A proposed ballot initiative in California could encourage older homeowners with larger homes to downsize and move to other counties, freeing homes for younger families and potentially easing the state’s chronic housing shortage. The real estate industry is leading the charge to qualify the measure for the Nov. 6 election ballot and has already raised about $6.7…
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March 26, 2018

Signatures Submitted to Qualify November Ballot Measure That Provides Property Tax Fairness for California Seniors, Disabled, and Victims of Natural Disasters

SACRAMENTO, Calif., March 26, 2018 /PRNewswire-USNewswire/ — The Homeownership for Families and Tax Savings for Seniors Committee announced today that it has submitted nearly one million signatures collected from California voters to qualify the Property Tax Fairness Initiative for the November 6, 2018 General Election ballot. When passed, the measure will eliminate what amounts to…
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March 22, 2018

Bay Area home prices rise further as Santa Clara County joins $1 million club

Rising mortgage rates and skimpier tax benefits haven’t slowed Bay Area home prices yet, especially in Santa Clara County, where the median price surpassed $1 million for the first time last month. For the nine-county region as a whole, the median price paid for a home or condo rose to $750,000 last month, up 5.6…
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January 10, 2018

Opinion: Modifying Proposition 13 Is a Smart Solution to the Housing Crisis

California’s famous Proposition 13 was designed to stabilize property taxes in an effort to make housing affordable, especially for seniors living on fixed incomes. Unfortunately, the same law could now be responsible for driving up property values and preventing seniors from moving. Many senior homeowners are holding onto their property, not because they are in…
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December 13, 2017

Readers react to property tax initiative: ‘I don’t want to die in an old folks’ home’

We published a story this week about a ballot initiative to allow homeowners over 55 to move anywhere in the state, as many times as they want, without a big jump in their property tax bills. Judging by the volume of responses, the idea — and the piece about it — hit a nerve. “The…
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November 28, 2017

Editorial | Should California make it easier for seniors to buy and sell homes?

Proposition 13 — the 1978 initiative putting a limit on property tax rates and how much they can increase each year — has long been ripped by critics who say it has starved the state of needed funding. But one Proposition 13 upside is rarely acknowledged: The initiative keeps retirees from having to pay crushing…
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November 27, 2017

California Realtors launch ballot drive to expand Prop. 13 for senior homeowners

An overhaul of Proposition 13, California’s landmark tax-control measure, could go before state voters next year under a plan adopted last month by the California Association of Realtors. The trade group is launching a signature drive to put a new proposition on the November 2018 ballot that would expand tax breaks for homeowners age 55…
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September 28, 2017

Own a home and looking to move? California Realtors want to get you a major tax break

California homeowners looking to move up would get a major financial break under a possible 2018 ballot measure to change a key provision of the state’s landmark tax law. Proposition 13, the 1978 ballot measure, has discouraged homeowners from moving to pricier homes because a property’s assessed value is based on its most recent sales…
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July 20, 2017

For young California homeowners, a proposed 2018 initiative could make buying a new house a lot less expensive

Under a ballot measure filed Thursday, California’s landmark Proposition 13 property tax breaks would be extended to young homeowners who sell their residence and buy a new one. The proposal, which aims for a spot on the November 2018 statewide ballot, would allow homeowners of any age to carry a portion of their existing property…
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I support Proposition 5, a Constitutional Amendment proposed for the November 2018 California statewide ballot. You may list me publicly as a member of the bipartisan Yes on 5 Coalition.

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Paid for by Yes on 5 Committee, Sponsored by
California Association of REALTORS®. Committee major funding from:
California Association of REALTORS®
National Association of REALTORS®
Funding details at http://www.fppc.ca.gov.