Update on Real Estate Propositions

KASA Real Estate Team California Housing Leave a Comment

Prop. 15 Effort To Revise 1978 Commercial Property Tax Rules Narrowly Defeated

California’s Proposition 15, which would allow commercial properties to get taxed at their fair market value rather than the value at the time when they were purchased, was narrowly defeated.

Read the full article here: Voters rejected Proposition 15…

Proposition 19, which modifies Prop. 13 property-tax breaks, maintaining its lead in California

Proposition 19, which would expand one property tax break for seniors but rein in another for transfers of real estate between parents and children, appeared headed to passage, according to unofficial election results.

Read the full article here: Property tax-breaks…

Prop. 21: Voters reject ballot measure to expand rent control

California voters handily rejected a ballot measure Tuesday that would have rolled back state limits on rent control, the second such measure in three years.

Read the full article here: Rent control on housing…

About the Author
author photo

KASA Real Estate Team