How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - In general, when a home is transferred to a new owner, its taxable value is reset to its purchase price. California voters, however, passed Proposition  58 in 1986, which amended the California Constitution to exempt transfers between parents and children (and later grandparents and grandchildren under certain circumstances under Proposition  193 [1996]) from revaluation.
https://lao.ca.gov/Publications/Report/3693

Local land use planning and zoning. [Ballot]

Sep 1, 2023 - Of California ’s 482 cities, 121 are charter cities. Zoning, Land Use, and Housing. Both general law and charter cities and counties in California make most decisions about when, where, and what type of housing will be built.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-011

^[PDF] 1950 Budget Analysis: DEPARTMENT OF MOTOR VEHICLES

Every time a transfer of legal ownership is involved, a new certificate of legal ownership must be made and a new registration card prepared. If the separation that we recommend is put into effect, the issuance of a new registration card will not be necessary.
https://lao.ca.gov/analysis/1950/18_dmv_1950.pdf

^[PDF] Tax Fairness for Homeowners Act of 2005

Except for this inflation adjustment, the assessed value of real property changes only when the property is sold or transferred. As a result of the acquisition-based system for real property, properties that change hands less frequently will generally have lower assessed value and have lower taxes than properties that change ownership more frequently.
https://lao.ca.gov/ballot/2005/050089.pdf

^[PDF] Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings

Examples similar to California, in which ownership of the building is permanently trans- ferred to the new owner, are less common. The benefit of permanent transfer in a sale-lease- back is that it results in a higher sale price, but at the cost of indefinite lease payments that do not result in any equity.
https://lao.ca.gov/reports/2010/edu/sale_leaseback/sale_leaseback_042710.pdf

Making Government Make Sense: A More Rational Structure for State and Local Government

Shift property tax allocations from schools to cities and counties to offset net state-local cost shifts. Eliminate Counter-Productive Fiscal Incentives Transfer 1 percent local sales and use tax to state level, offset with increased property tax allocations.
https://lao.ca.gov/analysis_1993/MGMS_reprint_02-93.html

The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog]

Feb 29, 2024 - Proposal Budget Proposes $7.5 Million General Fund Transfer to the PTP Fund. The Governor ’s budget would provide the Department of Finance authority to transfer $7.5 million from the General Fund to the PTP Fund to ensure there are adequate resources available to cover costs in 2024-25.
https://lao.ca.gov/LAOEconTax/Article/Detail/800

^[PDF] Property Protection Act

For example, the effect of this measure would be limited to the extent the courts did not consider most existing state and local government property restrictions to be constraints on the ownership of property.
https://lao.ca.gov/ballot/2007/070768.pdf

The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - CSAC has increased its cost estimates f or these awards to reflect newly available data on the share of recipients who transfer and their average award amounts upon transferring. Governor ’s Budget Reflects Further Spending Increases in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4865

^[PDF] The Trial Court Funding Program: Financial Implications

(Page 29) Chapter IV: N 0- and Low- Proptery Tax City Provisions Property Tax Transfer: Under the Tax Eq- uity Allocation formula (TEA), the counties will transfer to the no- and low- property tax cities approximately $3.5 million in 1988-89.
https://lao.ca.gov/reports/1988/395_0188_the_trial_court_funding_program_financial_implications.pdf