Proposition 5: Voters won’t expand property tax savings for older homeowners

The measure would have allowed some homeowners to take low property taxes with them when moving

With the defeat of Proposition 5, California voters have decided not to give older homeowners more breaks on their property taxes.

With 97 percent of state precincts reporting statewide, the measure has garnered less than 42 percent of the vote.

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Posted: 8 days ago
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