Community


Community Relations

Contribute to HAF

Going Green

Governmental Affairs

Homebuyer Grants



Advertisement
 

Advertise With Us!
Home > Community > Governmental Affairs

Governmental Affairs

Property Tax Fairness Initiative 

C.A.R.’s portability initiative will allow senior homeowners to transfer their property tax base from their current residence to a replacement residence located anywhere in California. The measure, if approved by voters, will let thousands of seniors, currently “locked into” their homes by low property tax rates purchase a home that will better suit their needs freeing up housing inventory for young families seeking to buy a home.  According to the California Legislative Analyst's Office, tens of thousands additional homeownership opportunities will occur annually. See the video on what the initiative is here or below.

This measure is important because seniors, who are often on a fixed income, fear they will not be able to afford a big property tax increase if they sell their existing home and buy another one, discouraging them from ever moving. As a result of this “moving penalty” almost three-quarters of homeowners 55 and older haven’t moved since 2000.

What is the Initiative Video

Proposition Comparison Chart


Links:

NAR

REALTOR Action Center 

C.A.R.
REALTOR Action Fund

 

Want to get Involved?

REALTORS® are a special interest group working to promote and protect private property rights and to protect and promote the brokerage and management of real estate. Join the Governmental Affairs Committee if you wish to know what is happening politically or wish to volunteer. We learn about and debate the issues, take positions and hold events with legislators. Speak to Elizabeth de Carteret via email at elizabethd@srar.com



   © 2018 Southland Regional Association of REALTORS®      Contact Us    |     Suggestions/Feedback    
Community
Community Relations
Contribute to HAF
Going Green
Governmental Affairs
Homebuyer Grants
Events/Education
AREA Marketing Meetings
Calendar
Commercial Data Exchange
Events and Registration
Online Ed
Sponsorship Opportunities
Webinars and Videos
Links
California Association of REALTORSŪ
California Bureau of Real Estate
Los Angeles County Business Federation
Los Angeles County Housing Resource Center
Los Angeles Housing Department
Los Angeles Neighborhood Councils
National Association of REALTORSŪ
Santa Clarita Valley Chamber of Commerce
The City of Los Angeles
The City of Santa Clarita
The Valley Economic Alliance
United Chambers of the San Fernando Valley
Membership
2018 Committee Applications
Applications and Forms
Champions of Home
Code of Ethics Requirement
Farming Materials
Member Benefits
Membership Resources
REALTOR Action Fund
Risk Management
MLS
Broker Syndication Authorization
Data Integrity Standards
Free IDX Link
ListHub
Matrix Information
MLS Forms
MLS Rules
MLS Rules Changes
MLS Rules: CARETS Citation Policy
Neighborhoods/Areas/Tract Codes
Santa Clarita Area Letter
Santa Clarita Caravan Schedule
Statistics
Services
Advertise With Us
Auditorium Rental
Consumer Complaint Process
Print Shop
Professional Standards
R.E. Store
Tech Support Helpline
Privacy Policy  |  Accessibility