"I asked all the questions that I asked and based on the answers we got, the mailer was done and it was approved by legal and if legal got it wrong, shame on them. That portion should be repealed."
"Jim Brulte, former California Republican Party chair, on regrets for endorsing Proposition 19, which narrowly passed in 2020. It allowed property tax reassessment on inherited home values over $1 million, causing those whose late parents left them homes in high-priced markets like the Bay Area to face massive tax increases."
Jim Brulte expressed regret for endorsing Proposition 19, saying the endorsement was a mistake. He said a mailer was created based on questions and answers and was approved by legal, and that legal should be blamed if it was wrong. He called for repeal of the portion in question. Proposition 19 narrowly passed in 2020 and allowed property tax reassessment on inherited home values above $1 million. The measure caused heirs who received homes in high-priced markets such as the Bay Area to face large increases in property tax bills when inheriting those properties.
Read at www.mercurynews.com
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