2018 California Proposition 5
In today's article, we are going to delve into the fascinating world of 2018 California Proposition 5. Whatever your interest or concern, we are sure that you will find relevant and useful information that will help you better understand this topic. From its origins to its evolution today, we will dive into key aspects that will allow you to gain a deeper knowledge about 2018 California Proposition 5. Regardless of whether you are an expert in the field or if you are just beginning to explore this topic, this article aims to provide a comprehensive and enriching vision that allows you to broaden your horizons and enrich your perspective on 2018 California Proposition 5. Get ready to embark on a journey of discovery and learning that will pleasantly surprise you!
Proposition 5, also known as Prop 5 or Property Tax Transfer Initiative, was a 2018 California ballot proposition intended to allow people buying houses who are severely disabled or 55 and over to transfer their tax assessments from their previous house to their new house regardless of the new house's market value or the location of the new house. It failed in the November 2018 California elections.[1][2] The ballot initiative was formed by the California Association of Realtors.[3] Opponents of the initiative included the California Teachers Association[1] and Asm. David Chiu (politician).[4]
Result
- 70–80%
- 60–70%
- 50–60%
| Result | Votes | Percentage |
|---|---|---|
| Yes | 4,813,251 | 40.22 |
| No | 7,152,993 | 59.78[5] |
References
- ^ a b "California Proposition 5, Property Tax Transfer Initiative (2018)". Ballotpedia. Retrieved 2023-11-10.
- ^ "Re: People's Initiative to Protect Proposition 13 Savings, Version 3 (17-0013)" (PDF). California Association of Realtors. Aug 9, 2017. Archived from the original (PDF) on 2023-07-23. Retrieved 2023-11-10.
- ^ Import, N. C. S. (2017-11-29). "Realtors join forces with statewide tax basis portability effort". The Union. Retrieved 2023-11-10.
- ^ Murphy, Katy (2017-12-11). "Giving Grandma a tax break to get more homes on the market: realtors' Prop. 13 ballot proposal". The Mercury News. Retrieved 2023-11-10.
- ^ "Statement of Vote" (PDF). Nov 6, 2018. Archived from the original (PDF) on 2023-03-20. Retrieved 2023-11-10.
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