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CAR Tax Reform Initiative

Would you like to sign a petition to allow seniors the freedom to move and keep their low property taxes?

If you're familiar with Prop 13, you already know homeowners are protected from rapidly increasing property taxes. However, seniors fear they would not be able to afford a big property tax increase if they sell their existing home and buy another one, which keeps them from ever moving. As a result, almost three-quarters of homeowners 55+ haven't moved since 2000. As a volunteer with the California Asssociation of REALTORS, we are promoting a new initiative that will allow seniors to sell their home while keep some property tax savings, and therefore create homeownership opportunities for young families. C.A.R's Portabilitiy initiative would allow homeowners 55+ to transfer some or all their property tax savings to a home of any price, located anywhere in the state, any number of times. For more information on signing the petition, please contact your agent at Berkshire Hathaway HomeServices California Realty today!

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  • Berkshire Hathaway HomeServices California Realty
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