2005 House Bill 5378

Exempt seniors from Prop A “pop-up” tax

Introduced in the House

Oct. 27, 2005

Introduced by Rep. John Pastor (R-19)

To exempt homestead property that is purchased by a person who is age 60 or more from the Proposal A taxable value “pop-up.” The “pop-up” is where the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner, which is lower.

Referred to the Committee on Tax Policy