Plain English Title: Guts Prop 13 and Makes it Easier to Raise Taxes by Lowering Vote Required on Ad-Valorem Taxes from Two-Thirds to 55%
Deceptive Title on Ballot: Allows Local Bonds for Affordable Housing and Public Infrastructure with 55% Voter Approval. Legislative Constitutional Amendment.
Description: California politicians have long sought to repeal Prop 13 and impose costly and unfair tax hikes on struggling residents. Prop 5 is another effort to chip away at Prop 13 protections and make it much easier to raise your taxes. Californians face a cost-of-living crisis and simply cannot afford higher taxes that Prop 5 would help impose.
When property taxes rise, there’s little consideration of a homeowner’s ability to pay, or any hardship or disability. If people fall behind on their property taxes, their homes can be sold out from under them.
