property tax

Tyler Pratt/KCBX News

San Luis Obispo city officials gave the second annual “State of the City” address Thursday. Mayor Heidi Harmon and City Manager Derek Johnson touted plenty of accomplishments in 2018, but also shared some financial uncertainty about the year ahead because the city is facing a liability of $150 million.

Should Baby Boomers get a property tax break to move?

Aug 14, 2018
Courtesy of CALmatters

Proposition 5, which California voters will decide on this November, allows homeowners age 55 and up to receive a major break on their property taxes when they move homes. Sponsored by the California Association of Realtors, the initiative attempts to address a problem familiar to many Californians of a certain age: You want to move from your empty nest, but you’re scared of the new taxes you’d have to pay on a downsized property.