Assessor Chu Explains Prop 19 Changes to CA Tax- Saving Programs

ASSESSOR CARMEN CHU URGES VOTER PARTICIPATION

ON CA PROPERTY TAX MEASURES

Early Voting Already Started! Voter Registration Ends on October 19^th

SAN FRANCISCO - The 2020 election is only three weeks away. Assessor Carmen Chu hosted a media roundtable to explain property tax related items on the California state ballot. She wants to make sure eligible voters and families in our communities are aware of these measures because they may have major impacts on family financial planning in the near future. Proposition 19, also commonly known as the “Realtor’s Measure”, proposes changes to two statewide property tax saving programs: the parent-child transfer exclusion and senior assessment transfer. They are the most inquired programs in our Office’s annual financial education event – the Family Wealth Forum. Assessor Chu, founder of the Family Wealth Forum, explained the proposed changes in detail in the video below:

Assessor Carmen Chu and her Office remain neutral on Proposition 15 and 19.

Coverage:

It is difficult to understand the proposition on property tax; Assessor Recorder personally explains details (Sing Tao Daily)

Proposition 19 would raise property taxes for some, cuts for others. Here are the details (SkyLink TV)

Proposition 19 would impact property taxes, especially for parents and children  (KTSF Channel 26)