On November 3, 2020, California Proposition 19 passed with over 51% of the 15 million votes cast. Taking effect on April 1, 2021, the passage of Proposition 19 ushers in an unprecedented tax benefit for Californians aged 55 years and older. As you may recall from our earlier blog post “California Proposition 19: What You […]
Measure EE went down in a surprisingly wide defeat on Tuesday, June 4th. The measure which would have levied a 16 cent per square foot property tax on all residential and commercial properties in the LAUSD District needed a 2/3 super majority to pass. Instead, it failed to gain even a simple majority, attracting approximately […]
On Thursday, the Administration announced its proposed tax bill and to say it caused a stir is an understatement. Tax bills always create a buzz, but this one in particular has rocked the real estate industry at its core. What’s so different about this bill that is causing such concern? It appears that without analyzing […]
