To exempt from the Proposal A property tax assessment “pop up” the purchase of home by parent or child of seller. The “pop-up” is where the state equalized value (SEV, meaning market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner.
105 Yeas / 4 Nays | |
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Excused or Not Voting (1) | |
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