Doesn’t Prop 5 protect people with disabilities from paying higher property taxes (or a “moving penalty”) when they move?
No. There’s no such thing as a “moving penalty.” Realtors, the only sponsors of Prop 5, made that up.
People with severe disabilities can already keep their lower tax bill when they downsize to withdraw home equity, buy a smaller, more manageable home, or move closer to family. This protection is already in the California Constitution , and not in question.
Prop 5 is a new tax break that gives the wealthiest property owners the biggest benefit, but does nothing for the vast majority of people with severe disabilities who are homeowners or renters.
Prop 5 allows certain wealthy property owners to get a new tax break every time they buy a bigger, more expensive house anywhere in the state.