By CBSLA Staff

LATEST ELECTION UPDATES

LOS ANGELES (CBSLA) — California voters have approved Proposition 19, which sought to provide tax relief to homeowners who are seniors, disabled or the victims of natural disasters while scaling back inheritance tax breaks, the Associated Press projected Wednesday.

With 90.87% of precincts reporting, the measure was winning by a margin of 51.14% to 48.86% — a difference of 351,217 votes.

With 90.87% of precincts reporting, the measure was winning by a margin of 51.14% to 48.86% — a difference of 351,217 votes.

Prop. 19 will provide property tax relief for people who are over 55, disabled or disaster victims by allowing them to purchase a new home while continuing to pay property tax rates based on their previous residence.

It would also limit the tax break provided when a parent passes a home or property to an adult child.

Comments
  1. Jeff Berg says:

    I thought you can do that one time as long as the new residence is below the value of the home sold. Does this do away with the new homes having to bed less or equal to the home sold?

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