The Property Tax Fairness Initiative

Nearly three quarters of homeowners 55 years of age or older have not moved since 2000. One of the primary reasons is the prospect of paying higher property taxes.

To protect these seniors, along with the disabled and victims of natural disasters, California Association of Realtors (C.A.R.) is qualifying a ballot measure - The Property Tax Fairness Initiative.

The Property Tax Fairness Initiative will help these homeowners sell their current homes and move without being subject to what is effectively a massive "moving penalty." These homes will then be available to families and other buyers to purchase.

C.A.R.'s Property Tax Fairness Initiative would allow these sellers to transfer their Prop. 13 tax base to a home of any price, located anywhere in the State of California, any number of times. These protections are also extended to people who are disabled and those who have lost their homes to a natural disaster.