Question on prop. 19 (Los Angeles, Santa Cruz, Sonoma: appointed, assessors, attorney)

[CA4Now]

Originally Posted by SFBayBoomer

Well, I was very happy that Prop 19 passed, but now I am reading on another website that it didn't.

I hope the finally tally will be "YES," and if not, lets' RECOUNT the ballots if we can.

This morning the L.A. Times states that 7,072,345 people voted for it, 51.3%, and 6,725,622 against, 48.7%, with 84.44% precincts reporting.

[JGC97]

Originally Posted by SFBayBoomer

Well, I was very happy that Prop 19 passed, but now I am reading on another website that it didn't.

I think you can trust the SOS site. That Daily 48er site looks to be a small student based resource. Looking at "about" under the Who We Are tab, it states:

The Daily 49er is the longest running student news publication at Long Beach State University and is the “paper of record” for the institution.

I'll trust the Secretary of State's info over that one.

[SFBayBoomer]

Originally Posted by CA4Now

This morning the L.A. Times states that 7,072,345 people voted for it, 51.3%, and 6,725,622 against, 48.7%, with 84.44% precincts reporting.

The SOS website now shows the same percentages you posted but with 7,085,448 votes YES and 6,734,108 NO votes. Votes are still coming in, with an estimated 2,851,893 votes still outstanding. That's as of today, 11/09/20, at 12:00 p.m

[SFBayBoomer]

The SOS website now shows very slight slippage on #19 with 7,549,241 votes YES (51.2%) and 7,207,336 NO votes (48.8%).

Votes are still coming in, with an estimated 2,097,466 votes still outstanding. That's as of today, 11/10/20 at noon.

[JGC97]

Hmmph, maybe it won't pass, after all.

Thanks for the updates, though.

[CA4Now]

Originally Posted by SFBayBoomer

The SOS website now shows very slight slippage on #19 with 7,549,241 votes YES (51.2%) and 7,207,336 NO votes (48.8%).

Votes are still coming in, with an estimated 2,097,466 votes still outstanding. That's as of today, 11/10/20 at noon.

Ballotpedia now shows 100% precincts reporting with a WIN at 51.9%!

https://ballotpedia.org/California_P...mendment_(2020)

[la_cavalière]

If Prop 19 has indeed passed, when will it take effect? We are starting to look for another home and are thrilled that we can now expand our search to houses at a higher price point and in other counties. Before, we weren't sure we were going to be able to find what we wanted and still qualify for Prop 60/90. Also, is it retroactive for those people who purchased a home earlier this year? I read the bill but it's a little murky.

[JGC97]

Originally Posted by la_cavalière

If Prop 19 has indeed passed, when will it take effect? We are starting to look for another home and are thrilled that we can now expand our search to houses at a higher price point and in other counties. Before, we weren't sure we were going to be able to find what we wanted and still qualify for Prop 60/90. Also, is it retroactive for those people who purchased a home earlier this year? I read the bill but it's a little murky.

I've also looked for information on the date this will become effective. Logically, I see it happening January 1st. Maybe a call to your local assessor's office will give you better information as to the effective date and answer your question whether anything will be applied retroactively. Personally, I don't think so. I think the base you are paying right now is the figure that will be applied should you decide to sell and repurchase somewhere else. At least now the field is open to ALL counties and not just a select few.

[SFBayBoomer]

Originally Posted by la_cavalière

If Prop 19 has indeed passed, when will it take effect? We are starting to look for another home and are thrilled that we can now expand our search to houses at a higher price point and in other counties. Before, we weren't sure we were going to be able to find what we wanted and still qualify for Prop 60/90. Also, is it retroactive for those people who purchased a home earlier this year? I read the bill but it's a little murky.

It definitely won't be retroactive.

I just found an article (not yet verified) that states the transfer of tax basis rules won't go into effect until April 21st, 2021. The other part of the proposition has a different effective date listed.

When I know more, I'll post it.

I would not rush out and buy another house now, although I'm hoping to buy a new home myself. It would be a shame to buy something and have the transfer basis rejected.

And keep in mind that the property you buy must become your primary residence, not a vacation home or rental.

[davdaven]

Originally Posted by SFBayBoomer

When I know more, I'll post it.

I came across this on the Chronicle website today: https://www.sfchronicle.com/business...a-15722774.php