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April 11
1987 - Ramona Chapel and Red Schoolhouse relocated to Heritage Junction [story]
Red Schoolhouse


A component of voter-approved Proposition 19 went into effect Thursday, April 1, that expands benefits for seniors, people with disabilities, and victims of disasters to transfer their property’s assessed value and tax base to another home of any value in California.

“This is good news,” Los Angeles County Assessor Jeffrey Prang said. “Eligible homeowners can now take advantage of the benefits that come from Prop. 19, which will give them more flexibility if they choose to move to a home that better suits their needs, even if it’s more expensive than their current home.”

As of April 1, which is Thursday, California homeowners who are over the age of 55, disabled, or the victims of a natural disaster will be able to transfer their property tax base with them when they sell their home and purchase a new one anywhere within California. Previously, this transfer was limited to only 10 counties statewide. Additionally, eligible homeowners will be able to transfer their base-year assessed value to a more expensive home, whereas the previous law limited the transfer to a home of equal or lesser value. Eligible homeowners will also be able to transfer their assessed value up to three times, while under previous law they could only move with their assessed value one time.

“California has long struggled with a housing shortage, which has contributed to the high cost of housing statewide,” Prang said. “Prop. 19 works to partially address this shortage by removing the disincentive many seniors confront when they consider moving into a more manageable home. By allowing eligible homeowners to take their assessed value with them, we may start to see more movement in the housing market.”

Proposition 19 was passed by California voters in 2020, and has two primary components. The first component, which went into effect on February 16, 2021, reduces tax benefits that were previously available for families by restricting the inheritance of a property’s assessed value to the primary residence. It also requires the child inheriting the property to move into the home within one year in order to avoid reassessment. Prang has voiced concerns about the potentially regressive impact of this component of Prop. 19, arguing that it may disproportionately harm middle-income families who are seeking to build intergenerational wealth.

“There has been a lot of confusion surrounding Prop. 19, and frustration over its vague language and aggressive implementation dates. I have been working with the California State Board of Equalization, the California Assessors’ Association, and state legislators to put forth legislation that will address some of the major issues with Prop. 19,” Prang said. “However, we can all agree that seniors shouldn’t feel locked in to homes that are simply not a good fit for them anymore. This component of Prop. 19 is a welcome change.”

The Assessor’s office has developed several resources to help taxpayers understand how Prop. 19 may impact them, including an FAQ, Factsheets, and a webinar. Additionally, the Assessor’s office has developed two online calculators to help taxpayers determine how Prop. 19 may impact their specific properties. Resources can be found at assessor.lacounty.gov/prop19.

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LOS ANGELES COUNTY HEADLINES
Friday, Apr 9, 2021
Los Angeles County Public Health on Friday confirmed 48 new deaths and 752 new cases of COVID-19 countywide, with 27,432 total cases in the Santa Clarita Valley.
Friday, Apr 9, 2021
Officials in the Los Angeles County Sheriff’s Department will be hosting a virtual community discussion on child abuse prevention April 20.
Thursday, Apr 8, 2021
The Los Angeles County Department of Public Health confirmed Thursday 52 new deaths and 710 new cases of COVID-19, with 27,417 total cases in the Santa Clarita Valley.
Thursday, Apr 8, 2021
Because of the economic downturn brought on by the COVID-19 pandemic, some pet owners may have delayed purchasing their annual pet licenses and are now subject to late penalty fees.
Wednesday, Apr 7, 2021
Los Angeles County Public Health officials on Wednesday confirmed 53 new deaths and 479 new cases of COVID-19 countywide, as the Santa Clarita Valley cases total rose by 12 from Tuesday's to 27,393 since the pandemic began.

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