California Association of Realtors

Home For Sale Signs

California Realtors Hope Ballot Initiative Will Put More Homes on Market

A ballot measure to enable older homeowners in California, particularly empty nesters, to downsize without losing their tax benefits granted to them by the 1978 Proposition 13, has qualified for the November ballot.

June 22, 2018 - Los Angeles Times

Mansion

Home Ownership Subsidy Takes a $250,000 Hit in Final Version of Tax Bill

The current mortgage interest deduction is $1 million. The House version of the tax bill called for a $500,000 cap while the Senate left it untouched. They split the difference and capped it at $750,000. Congress is expected to pass H.R. 1 this week

December 20, 2017 - The New York Times

Full House Painted Ladies

Real Estate Industry Wants to Expand Prop. 13 Property Tax Breaks

A proposed ballot initiative in California would extend the property tax limits offered by Proposition 13 as a lifetime benefit to homeowners over age 55 or severely disabled—even if they move to a new home in another part of the state.

December 11, 2017 - The Mercury News

California

Critical Housing Bills Pass California Legislature on Final Day

The California legislature ended its season on Friday, handing Gov. Jerry Brown a third major victory. After passing landmark legislation earlier in transportation and climate change, a slate of controversial housing bills await his signature.

September 17, 2017 - The Mercury News

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