Sections
10 entriesSection 1Limits ad valorem real-property tax to 1 percent of full cash value, collected by counties and apportioned by law. Exempts pre-July 1,…Section 2Defines full cash value from 1975–76 values or later purchase, construction, or ownership change, with a 2 percent annual cap and decline…Section 2.1Allows over-55, severely disabled, or disaster-victim owners, beginning April 1, 2021, to transfer primary-residence taxable value statewide within two years; costlier replacements…Section 2.2Establishes California Fire Response and County Revenue Protection Funds, continuously appropriating the latter for negative-gain reimbursement and administration. Requires September 1 calculations…Section 2.3Requires each county annually to calculate implementation-related revenue gains and losses for itself and local agencies from intercounty residence transfers and family-transfer…Section 3Requires two-thirds of each legislative house for statutory changes causing any taxpayer to pay more and prohibits new ad valorem real-property taxes…Section 4Allows cities, counties, and special districts to impose special taxes within the district with approval from two-thirds of qualified electors voting. Prohibits…Section 5Sets the article’s effective date for most provisions as the tax year beginning July 1 after the amendment passes. Establishes an earlier…Section 6Establishes severability for the entire measure by preserving every remaining section, part, clause, and phrase when any other portion is held invalid…Section 7Exempts the California Children and Families First Act of 1998 from the application of the separately referenced provision. That provision does not…