Prop 19 shocked many voters! They had not read the complete ballot, did not realize the total reversal of property transference protection in the second part, had heard no discussion, and had focused solely on the positives of the first part of this new law.

While there’s a provision that a child who lives in the home receives some redress, the “sell or stay” decision must be made quickly after parents’ death–a fraught and difficult time. The immediate, huge increase in taxes deprives most heirs from retaining the property. and a “must sell” leaves little time to plan or prepare for such a major jolt.

True, a sale may net a high price but cash is a depreciating asset, while property is an appreciating asset in the best interest of heirs as intended.

“Too bad,” say unsympathetic renters. However, they may not realize that many landlords are affected. Whether heirs decide to keep the properties or sell, rents will rise to reflect the increased property taxes of any new owner.

“About time,” say other non-owners. “Look what a good deal owners have had for so long.” Yet the reason for this low yearly cap was due to the contributions that homeowners paid, from mortgages to community benefits: other local taxes, sustaining area businesses and stability from schools to activism. Communities may find unwanted new changes as well as new owners.

According to the Jarvis Taxpayers Assoc., the Prop 19 change is a Death Tax! “Nothing but a land grab, reversal of long held precedent, the first real gouge in Prop 13 and everyone's problem.” 

My take! It's a real blow to universal property rights and another notch in driving out the middle class, the backbone of America.

However, to revisit this issue legally, petitions are needed to get it on the next ballot. If then repealed, upon owners’ death the property rates won't be raised as in a sale to an outside party. The law will be retroactive for those whose heirs have already been forced to sell.

Time is short and the process is easy to place the measure on the ballot in the next election.

Visit www.repealthedeathtax.com. Scroll to the bottom for petition.

Readers might want to peruse the Jarvis info—determined indeed—or just print the petition which needs to be filled out, signed and mailed. See Address label to cut out or copy.

(Be careful. Directions on filling in info are at the top of each space. Must be correct and clear to be valid.)

Whether you’re pro, con or just plain iffy, I suggest that informed voters should sign a petition and/or ask family member or friends to sign on as well.

The original Prop 19 was jammed through—not the American way. Lawmakers need to play fair in our faltering Republic. As often said, doing things the right way for our country often starts in California!

Help make 2024 an active and truly Happy New Year for all.

Evelyn (Evie) Preston is a financial columnist for A050 and worked as a financial advisor for over 25 years. Reach her at Evierp100@yahoo.com.