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2. 1978 California Proposition 13 - Wikipedia

   en.wikipedia.org/wiki/1978_California_Proposition_13

   t. e. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, as well as require a 2/3 majority for tax increases ...

3. 2020 California Proposition 19 - Wikipedia

   en.wikipedia.org/wiki/2020_California_Proposition_19

   t. e. California Proposition 19 (2020), also referred to as Assembly Constitutional Amendment No. 11, is an amendment of the Constitution of California that was narrowly approved by voters in the general election on November 3, 2020, with just over 51% of the vote. [1] [2] The legislation increases the property tax burden on owners of inherited ...

4. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Under Section 1031 of the United States Internal Revenue Code ( 26 U.S.C. § 1031 ), a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property, a process known as a 1031 exchange. In 1979, this treatment was expanded by the courts to include non-simultaneous sale and ...

5. New ballot initiative reforms how many taxes are gathered in ...

   www.aol.com/ballot-initiative-reforms-many-taxes...

   California’s Proposition 13 is a landmark law passed by voters in 1978 to limit how much property taxes can increase for homeowners and is one of the few taxpayer protections that Californians ...

6. How Are Property Taxes Calculated? - AOL

   www.aol.com/finance/property-taxes-calculated...

   Next, multiply the mill rate by the home’s taxable value to determine your property taxes. For example, if there are 9.5 total mills in your local tax district and your home’s taxable value is ...

7. Where do California taxes rank nationally? A new study may ...

   www.aol.com/news/where-california-taxes-rank...

   Among the more specific rankings of effective tax payments in California, based on households with the median US. income of $75,586:: Real estate taxes, 16th lowest. average of $2,007. Vehicle ...