Property Taxes

Though two state workarounds remain in play as California's Legislature enters the final days of the session, lawmakers have less than a week to find an alternative to new federal income tax rules that, among other things, set a cap of $10,000 on combined state and local income, property and sales tax deductions.

Advocates today submitted signatures to qualify a 2020 ballot initiative that would generate tens of billions of dollars for local and state governments by undoing part of California's landmark Prop. 13.

Would it be a merciful end to the "moving penalty" or a giveaway to rich homeowners and real estate agents? Proposition 5, which California voters will decide on this November, would allow homeowners age 55 and up to receive a major break on their property taxes when they move homes.

California Democrats have either concocted a clever way to thwart the Trump administration’s tax plan by gaming the tax credit programs, or they're engaging in magical thinking.