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LA Times Recommends: Yes on 15, No on 19

Proposition 15 taxes commercial and industrial properties at today’s market rate value instead of their value in 1978 plus %2 per year increase. Properties under $3 million are not impacted.

Proposition 19 eliminates the tax break passed onto homeowners who inherit properties from their parents and allows homeowners 55 and over to transfer their property tax to up to 3 primary home purchases. This proposition is supported by California Association of Realtors.

TodayWeBuy · News · 56 months · 145383 views
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