Proposition 5

Portable Property Tax Base for Certain Property Owners

Click here to create an account and save your votes.

Would remove certain property tax transfer requirements (see In Depth tab below for list of requirements) for homeowners over 55, severely disabled homeowners, and contaminated or disaster-destroyed property so as to reduce these homeowners' property taxes if they move. Proposition 5 is an initiative constitutional amendment and statute.

Fiscal Impact: Schools and local governments each would lose over $100 million in annual property taxes early on, growing to about $1 billion per year. Would also result in a similar increase in state costs to backfill school property tax losses.

Semi-official results:

Yes: 1,739,425 (42.5%)

No: 2,354,400 (57.5%)


Share |