2005 House Bill 5128 (Exempt seniors from Prop A “pop-up” tax)

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• Introduced by Rep. Aldo Vagnozzi on September 6, 2005, to exempt homestead property that is purchased by a person who is disabled or age 60 or more and who is moving from another homestead in the same jurisdiction 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 House Tax Policy Committee on September 6, 2005.

Comments

Introduced by Rep. Aldo Vagnozzi on September 6, 2005. New Comment