C.A.R. Files Revised Ballot Initiative

C.A.R. Files Revised Ballot Initiative  (California Association of Realtors).

In its continuing effort to address California’s unprecedented housing supply crisis and eliminate the “moving penalty” that severely restricts the ability of seniors, disabled residents, and victims of natural disasters to relocate, C.A.R. as filed a revised initiative with the Attorney General for preparation of title and summary for the November 2020 ballot. The new initiative would:

• Remove the “moving penalty” for seniors 55 and older, the disabled, victims of natural disasters, and those whose homes are located on contaminated property, allowing them to carry their current Proposition 13-protected property tax assessment level to another home of any price, anywhere in the state, any number of times.
• Eliminate intergenerational transfers of primary residences and other inherited property being used as income-producing properties without reassessment.
• Address abuses by commercial property owners who avoid property tax reassessment by means of “creative” transfers.

“Filing this new initiative will allow C.A.R. – in the event the ‘moving penalty’ is not eliminated this November – to immediately begin gathering signatures to qualify the new initiative for the November 2020 ballot and reinforce our commitment to making tax fairness a reality,” said C.A.R. President Steve White. “This new initiative will provide for property tax base portability, reform the intergenerational transfer laws, and address the true ‘split roll’ problem – corporations gaming the current property tax reassessment system. And, most significantly, it will raise money for schools and local governments,” stated White.

C.A.R. has already qualified an initiative for the November 2018 ballot, now known as Proposition 5, which addresses the “moving penalty” on seniors, the disabled, victims of natural disasters, and those whose homes are located on contaminated property.

This Initiative would help a lot the real estate shortage situation in the Silicon Valley, as it would make it easier for a lot of would-be sellers to sell and buy somewhere else in California, while keeping their property tax basis. This in turn would free up inventory and enable more would-be buyers to buy. 

Francis Rolland


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A worthy local non-profit to remember: Community Services Agency in Mountain View.