Legal Expert Explains the Flip Side of California’s Prop. 19

Proponents said it would boost revenues and create more housing. One critic called it a ‘wolf in sheep’s clothing.’
Legal Expert Explains the Flip Side of California’s Prop. 19
The California State Capitol Building in Sacramento, Calif., in this file photo. John Fredricks/The Epoch Times
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In 2020, more than half of Californians voted in favor of Proposition 19, a revenue-generating ballot initiative to tighten rules on inherited properties.

Prop. 19—named The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act—reshaped how property can be passed down in California, making it far harder for parents to transfer real estate to their children without triggering substantial increases in property taxes.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."