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LOS ANGELES County Assessor Jeff Prang.
California’s 58 county assessors are seeking clarification on the implementation of a new property tax measure with the hope to delay a provision that makes it more costly for children to inherit some homes from their parents.
Narrowly approved by voters last November, Proposition 19 partially took effect on Feb. 16, but according to Los Angeles County Assessor Jeff Prang, many homeowners are not yet aware of its impact.
To learn more about how the measure potentially impacts local residents, we asked Prang to explain his concerns.
Prang says the new measure makes “significant changes” to the California Constitution regarding tax benefits. “Homeowners who meet certain criteria now have expanded tax-saving options, but children who inherit property may face increases in property taxes,” he told the Chronicle last month.