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If you care about Prop 13 - you'll care about 19 -inherited property rights were taken away. Nonpartisan volunteers trying to get it back! #FixProp19, Reinstate 58, Repeal the Death Tax = same movement.
Call, email everyday, tell them, put Fix Prop 19 on the ballot
“Property held in a trust are still subject to the rules under Prop 19 and the ownership of property in a trust itself may not protect against a reassessment.” Phong La, Alameda County Assessor
Donating $1000 to #FiXProp19 is less than 1/10th of a year's reassessment. If we #FiXProp19 you will save money for decades.
Most people inherit properties in their "Golden Years." Seniors are largest Demographic moving into homelessness. Forced sales of Multigenerational Housing will increase homelessness.
Intergenerational Injustice is occurring as the only home someone may ever own is being taken away by unaffordable property tax when an estate is house rich, cash poor.
Prop 19 can make property taxes unaffordable when property passes from parent to child. Creating financial and housing insecurity through higher taxes.
Your trust may not protect against Prop 19 additional taxes.
That's why we need to Reinstate Intergenerational Property Transfer Rights and #FixProp19!
Before Prop 19, property passed to child/grandchild, was reassessed and the property tax did not immediately increase because of Propositions 58 and 193 protections against higher taxes. This created affordable housing and fostered small business growth.
After Prop 19, the property is passed, reassessed and in many cases a higher amount of yearly property tax is now due. Many cannot afford the sudden and sometimes over 1,000% increase in property taxes and have to sell.
Voters were deceived by Prop 19's advertising and no mention in the Title or Summary that Propositions 58/193 would be removed.
EXAMPLE Forty years ago, your parents paid $100,000 for their home. Today it's worth $2.5M. Here is how an inheriting child's taxes can become unaffordable.
In this example, taxes have climbed from $3,000 to $25,000. That's before local taxes and bonds have been added on top! Many County Assessor Offices have "calculators" to help you determine what taxes would be under Prop 19. View their websites to learn more.
*You can apply for a limited exemption on the parental home if you qualify. No exemptions on other property - rentals, second homes or family business property.
Don't be #F19d... Save your Truly Affordable Housing.
The inheriting owner may not be able to afford higher Prop 19 taxes.
You may not be able to afford market rate property taxes without:
Proposition 19 was supposed to help disabled. All it will do is force the sale of the home that the child has routine in and any income property to support the child. Sad...
Proposition 19 hurts children who don't want to move out of family homes. Many are Seniors inheriting their first home they will ever own. It hurts tenants as many Mom and Pop Landlords provide NOAH (Naturally Occuring Affordable Housing).
Scott Wiener and friends talk about keeping tenants in the neighborhoods they grew up in. If you are the child of an owner... they don't care that you will be displaced.
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