Quick Guide to Propositions
CHANGES REQUIREMENTS FOR CERTAIN PROPERTY OWNERS TO TRANSFER THEIR PROPERTY TAX BASE TO REPLACEMENT PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE.
CHANGES REQUIREMENTS FOR CERTAIN PROPERTY OWNERS TO TRANSFER THEIR PROPERTY TAX BASE TO REPLACEMENT PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE.
Summary
Removes certain transfer requirements for homeowners over 55, severely disabled homeowners, and contaminated or disaster-destroyed property. Fiscal Impact: Schools and local governments each would lose over $100 million in annual property taxes early on, growing to about $1 billion per year. Similar increase in state costs to backfill school property tax losses.
Money Raised
Chart depicts total fundraising by all committees primarily formed for and against Prop 5.Totals are updated daily with contributions from Power Search 
and adjustments from the most recent Political Reform Division analysis.
Largest Contributions
Showing the 10 largest contributions to committees formed primarily for and against Prop 5 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search campaign finance search engine.
Yes on Prop 5
09/19/2018
11/20/2017
01/09/2018
02/07/2018
03/08/2018
09/19/2018
11/20/2017
11/09/2018
02/09/2018
No on Prop 5
08/14/2018
08/27/2018
10/03/2018
10/04/2018
10/17/2018
09/25/2018
09/21/2018
10/10/2018
10/25/2018
08/14/2018
What your vote means
Yes
A YES vote on this measure means: All homeowners who are over 55 (or who meet other qualifications) would be eligible for property tax savings when they move to a different home.
No
A NO vote on this measure means: Certain homeowners who are over 55 (or who meet other qualifications) would continue to be eligible for property tax savings when they move to a different home.
More on Proposition 5
For background on Proposition 5, an analysis by the legislative analyst, endorsements for and against the measure, and more...
- Read the California Voter Information Guide.
Arguments
Pro
Prop. 5 eliminates the "moving penalty" that currently hurts SENIORS (55+) and SEVERELY DISABLED Californians. YES means SENIORS and SEVERELY DISABLED can purchase a new primary residence and not face this property tax penalty. YES allows SENIORS/ SEVERELY DISABLED to move near family or purchase more practical, safer homes.
Con
Prop. 5 doesn't build any new housing or help first-time homebuyers purchase homes. It will cut up to $1 billion in local revenue from public schools, fire, police, health care and other services for tax breaks for wealthy Californians and to help its authors—corporate real estate interests. NoProp5.com
Campaigns
For
Yes on 5 Committee
515 S. Figueroa Street,
#1110
Los Angeles, CA 90071
(888) 384-8467
info@propertytaxfairness.com
voteyesonprop5.com