Well, well, well. So, more than a few California tax payers are upset over the passing of Proposition 19 in 2020. What? Prop 19? When? Most of us who voted in that election were appalled to find this grab of private real estate was part of the National Assoc. of Realtors plan to increase and perpetuate high commissions in the California housing market. In a carefully-worded description in the Voters'Handbook, then Secretary of State, now US SEnator Al Padilla, wrote that passing this would benefit senior citizens. This wording was followed by two other pieces of confusing elements: to wit: upon the death of a property owner, the real estate would pass to heirs after being reassessed AT MARKET VALUE. THis is the gutting of 1978's Prop. 13 that kept senior citizens from losing their homes due to annual reassessments that they could no longer afford.
The confusion and pain experienced by property owners across the state has resonated among those who recall the earlier fight to pass Prop. 13. Now, the Howard Jarvis(one of the authors of Prop. 13) Taxpayers Assoc. is sponsoring a signature campaign to put a repeal on the ballot. The Nat. Assoc. of Realtors, exposed as the monopoly it is, will hardly come to the rescue this time. Sen. Al Padilla will lay low, not willing to endure anymore flack over his past support of the N.A.R. (donated $42 millions to pass it). The president of the HJTA will support the passing of this proposition after signatures are gathered.
Go to the web site and print off a copy of the form. Now is the time as Gov. Gruesom tries to curry favor with the national electorate to increase his chances for the White House(God help us!). Oh, as a sop to home owners, Prop. 19 allowed heirs to keep the original assessment to $500,000 if lived in by the child. If a higher value, the property would be reassessed higher. Thank you, Sen. Al PAdilla.
One can go directly to the Howard Jarvis Taxpayers Assoc. website.
Follow this and save money for your family.
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