Prop 90 may just be coming back to El Dorado County-Maybe Statewide!

By
Real Estate Agent with Future Homes & Real Estate B.R.E. License #1061646

 

Prop 90 may just be coming back to El Dorado County-Maybe even State wide!

Now called “The Home Protection for Seniors, Severely Disabled, Families and Victims of Wild Fire or Natural Disaster Act"-ACA 11. (Short version/title is the "Prop 13 Tax Portability Act".)

The CA. State Legislature has passed a strong Bi-Partisan Measure (Assembly Constitutional Amendment 11) Co-Sponsored by the California Association of Realtors (C.A.R.) and the Professional Firefighters that is poised to be placed on the November ballot.

This Act builds on CAR’s original initiative, Prop 5, that unfortunately did not pass the majority vote…this new Act strengthens the provisions CAR/My Association cares about most-Incorporates dedicated funding for fire protection and emergency response, to safeguard millions of lives in Communities across the State.

The new initiative will continue to expand Prop 13 Property Tax portability for ALL homeowners over the age of 55, people with severe disabilities and wild fire victims by removing unfair location and cost restrictions to allow Home Owners to move anywhere in the State.

In addition, it will open up housing inventory throughout the state creating Home Ownership opportunity for 1st time Homebuyers.

 

P.S. We are working on getting extensions of the 2-year rule to reinvest-for those that got caught up in the timeframe of when our county placed a sunset on Prop 90...

 

Wendi-Mae's excitement over ACA-11  :)

Posted by

 

 

Wendi-Mae Davis, CRS, GRI

Broker Associate/Real Estate Counselor

Future Homes & Real Estate

WendiMae.com 

916-616-0874

If you need a Miracle...Be a Miracle!

Exceeding Expectations, that is what I do.

Begin each day as though it were on purpose... 

 

 

 

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Topic:
Real Estate General Information
Location:
California El Dorado County
Tags:
prop90
eldorado county local news
prop13
aca11
portability tax
eldorado county property taxes

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Rainmaker
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Michael Wayne Jackson
Coldwell Banker - Novato, CA
Realtor - Seniors Real Estate Specialist Novato

Great to hear, this should help a lot of homeownewrs wanting to keep their tax base. 

Jul 06, 2020 08:49 AM #1
Rainmaker
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Gary Frimann, CRS, GRI
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Great News Wendi-Mae.  I know this was a big issue in the past and you worked hard for it.  Maybe second time is a charm.

Jul 09, 2020 06:52 AM #2
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Rainmaker
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Wendi-Mae Davis

CRS, GRI, Broker Associate
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