California Seniors to Get Property Tax Relief Under Asm. Holden’s Bill Approved Today in the State Legislature (AB 1378)
Community News Your email address will not be published. Required fields are marked * First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News 0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Subscribe Make a comment More Cool Stuff Government California Seniors to Get Property Tax Relief Under Asm. Holden’s Bill Approved Today in the State Legislature (AB 1378) Published on Tuesday, September 1, 2015 | 1:51 pm Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Assembly Majority Leader Chris Holden’s bill to provide property tax relief for California seniors was approved today in the state Senate on a vote of 36 to 0. It now goes to the Governor’s desk for signature.AB 1378 would allow those over age 55 or the disabled to transfer the base value of their property to a new residence as long as the new house cost less than the old residence’s sale price.“California seniors are more likely to move multiple times in their retirement years, back to walkable urban cores or to be closer to their own kids. Regardless of why seniors move, AB 1378 ensures that high property tax bills will not endanger the retirement savings of Californians,” explained Assemblymember Holden. “This simple measure will help California seniors on a fixed income, handle the growing cost of housing and do so at a minimal cost to the state.”Assembly Bill 1378 allows each person in a marriage or domestic partnership to claim a base-value transfer of their own. All this measure does is treat every Californian the same, regardless of marital status.The measure has wide bi-partisan support and the backing of the Howard Jarvis Taxpayers Association. Business News Name (required) Mail (required) (not be published) Website Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty10 Easy Tips To Help You Reset Your Sleep ScheduleHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeauty15 things only girls who live life to the maximum understandHerbeautyHerbeautyHerbeauty10 Female Celebs Women Love But Men Find UnattractiveHerbeautyHerbeauty Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.