Commentary: Prop. 19 brings big changes
Special to The Enterprise
It has been just over two weeks since we certified the general election in Yolo County, a function of my role as the registrar of voters. In my other role as the county assessor, I find it my responsibility to inform Yolo County residents of one Proposition on the ballot that was passed by California voters that will greatly impact property tax assessments for certain taxpayers Proposition 19.
Proposition 19, billed as “The Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment,” passed with 51.1% of California voter approval in November. As a result, 2021 will see significant changes in property taxes assessed on certain personal residences. Typically, a property’s assessed amount is set when the owner acquires the property, and can only increase by up to 2% a year, until the property is sold and reassessed at the market value.