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Measure Details

Changes Requirements for Certain Property Owners to Transfer Their Property Tax Base to Replacement Property

California Ballot Measure - Proposition 5

Election: Nov. 6, 2018 (General)
Outcome: Failed

Housing and Property


Argument For


Argument Against


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.

Measure Text

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