Petition: Ballot Initiative to Remove ‘Moving Penalty’
C.A.R. is embarking on an historic effort to increase homeownership opportunities, one that REALTORS® can feel good about supporting.
C.A.R. will qualify an initiative for the November 2018 ballot that will allow senior homeowners (55 years of age and older) to keep all or most of their Proposition 13 property tax savings when they move.
This measure is important because seniors, who are often on a fixed income, fear they will not be able to afford a big property tax increase if they sell their existing home and buy another one, discouraging them from moving. As a result of this “moving penalty” almost three-quarters of homeowners 55 and older haven’t moved since 2000.
C.A.R. needs your help to qualify this ballot initiative, and has mailed you a petition to sign, along with gathering four more signatures from voters registered in your county.
Learn more about signature gathering and about the petition you will soon receive in your mailbox.