Tuesday the 28th of November, the Glendale City Council will consider a proposed moratorium on evictions due to substantial renovations. This is a cause of great concern and not just because of bad timing with the substantial lack of housing inventory for both rental and for-sale units, but because it may impose the moratorium on duplexes, triplexes, fourplexes, and single-family homes – if your client owns more than one and is renting them out. We need your help! Send An Email: Click here or the red button below to send an email to our City Councilmembers opposing the moratorium! If the button does not work for you, we have included the recipients’ emails and the draft letter below. Show Up Tomorrow Attend the City Council meeting, Tuesday, November 28 starting at 6:00 p.m. Step up to the microphone and ask the Council not to proceed with this onerous proposal. Read the proposal for yourself on Council...Continue reading
By popular demand, we are making available the presentation material and handouts for your convenience. PowerPoint Presentation 2024 New Laws: PDF Handout 90 seconds of this video was shared which exemplifies the power of GAOR’S government outreach efforts. GAOR Member Registration Non-member Register Below Visit Our Mobile Postcard and Share This With Other Colleagues Educate yourself and your clients about new laws coming our way in 2024! Our guest speaker will be our very own Greg Astorian, GAOR Government Affairs Director and Past 2016 President. Greg will cover: New Laws Affecting Multi-family Properties City of Glendale Rental Rights Program Property Insurance in the State of California Lending Valuations Greg AstorianGAOR Government Affairs Directory firstname.lastname@example.org 818-807-7428 GAOR is happy to bring you this very successful series program hosted at the association office. GAOR Member Registration Non-member Register Below Come with your listing opportunities or commercial real estate needs! GAOR Office124 S....Continue reading
Be sure to bookmark this post. Here you will find tips presented by our Pro Standards chairperson, Addora Beall. Professional standards for REALTORS® include ethical behavior, honesty, integrity, professionalism, and adherence to the National Association of Realtors® NAR Code of Ethics. Realtors are expected to provide their clients with accurate and honest information, act in their clients’ best interests, and maintain confidentiality. We should also strive to improve their knowledge and skills through continuing education. View All NAR Pro Standards Here June 2023 Compliance Quiz question of the month “My broker told me that I received a citation and fine because I didn’t correct a violation after CRMLS sent me a warning to do so. I didn’t see any emails asking me to correct a violation. How can I make sure that CRMLS’ communications are reaching me in the future?” Confirm with your Association that your email address on file...Continue reading
Here you will find updates presented by our Government Affairs Director, Greg Astorian. Presentations are normally given at our Weekly Town Hall meeting. Below is the most recent recording in an embedded playlist. Click Top Right Corner Menu ≡ in Video To View Playlist ▼ 05-25-22 Needed vs. Actual Housing Units in California Glendale Homeless Count Longitudinal Summary The Debt Ceiling and The Housing Market RPR Local Economic Reports (LGLR Committee) Presented by Greg Astorian, GAOR Government Affairs Director Glendale Association of REALTORS® 10-05-22 FEDERAL: More Homes On The Market Act: Increase the base of Capital Gains to $1 Million STATE: – AB916 (Salas) ADUs – AB2097 (Friedman) Reduce Parking Requirements – SB679 (Kalmager) Housing – AB2011/SB6: Converting CRE into Residential Units – CA For Home Ownership LOCAL MEASURES: – Increases to Transfer Tax to 5% – Permanent Tenant Protections 09-06-22 ● Glendale RE Market – July● Glendale Seller’s Guide...
Each year in the spring we join the California Association of REALTORS® and members from all over the state and converge upon Sacramento for Legislative Day. This year we met with our State Legislators in Sacramento and shared in other fantastic activities during our visit. Members of the Glendale Association of REALTORS® descended on Sacramento in the first week of May to meet with our state legislators and underscore the importance of homeownership in our communities. Each year, the California Association of REALTORS® hosts “Legislative Day” when more than 2,000 REALTORS® from all over California converge on our state capitol to talk about the issues important to our industry. This year, we were promoting the early success of the California Dream For All Shared Equity Program which offers loans to first-time home buyers. In 2022 the Legislature passed a budget that included $500 million for California Dream for All. After the borrower...
Each year in the spring we join the California Association of REALTORS® and members from all over the state and converge upon Sacramento for Legislative Day. This year we will meet with our State Legislators in Sacramento and other fantastic activities on May 2-4, and we hope you can be a part of it! This is a great experience and an opportunity to understand more fully how our industry interacts with the government and how real estate gets done in other parts of our state. You are encouraged to apply for this trip if you’ve never been before. GAOR will provide two nights of hotel on Tuesday, May 2, and Wednesday, May 3, and airfare from the LAX or Burbank. Just a few things in order to take part in this trip which is one of the highlights of the year: This must be your first time going to Sacramento for C.A.R. Make a REALTOR®...Continue reading
How was a building nearly 60 feet tall approved in a neighborhood where few structures are even three stories high? Because it’s near a Metro subway station. These are known as Transit Oriented Community projects or TOC. Buildings can be taller, denser, and have less parking and open space than usual. Thousands of apartments have been built this way across the city. And more are on the way. TOC projects must be within half a mile of a train station or the intersection of at least bus routes. Affordable housing must be included. Generally, the closer a project is to a transit hub, the bigger it can get. Learn More View Interactive Map
In the United States, Flag Day is celebrated on June 14. It commemorates the adoption of the flag of the United States on June 14, 1777, by the resolution of the Second Continental Congress, as stated: “Resolved, that the flag of the thirteen United States be thirteen stripes, alternate red and white; that the union be thirteen stars, white in a blue field, representing a new constellation.” Happy Flag Day! Learn More…
The Glendale Association of REALTORS® is proud to announce support for three candidates running for reelection to the Glendale City Council in the municipal election taking place on June 7, 2022. GAOR supports these candidates for the Glendale City Council: Vrej Agajanian Dan Brotman Ara Najarian Remember to vote in the June election – your voice matters! Are you registered to vote? Are your current and former clients registered to vote? Don’t get left out of our democracy’s most important task. Election and Voter Information L.A. County Vote Centers
A new study of 1,000 active-duty service members and veterans by the Navy Federal Credit Union found that nearly all respondents were aware of what a VA loan is, but many respondents did show some confusion about their use. The National Association of REALTORS® and the Department of Veterans Affairs launched a joint video series Thursday for REALTORS® to help more veterans and active-duty buyers purchase a home using VA loans. The two-part series aims to dispel misconceptions about the VA Home Loan Guaranty Program and guide REALTORS® and homebuyers through the process. Learn More…
In case you missed our recent Town Hall meetings, here are two recordings from the month of March. Get the latest update about recent State, County, and Local issues: — Legislative Day Recap – — Rent Registry — State and Local Updates — Inflation — And more… Presented by Greg Astorian, Glendale Association of REALTORS®, Government Affairs Director. Be Sure to See More from Greg AstorianVisit Our GAD Corner YouTube Channel ▶
Please join us for C.A.R.’s Virtual Legislative Day 2022! Laura Friedman 1:00 pm C.A.R. is hosting fully virtual Legislative Day on Wednesday, March 2nd and we encourage you to join other REALTORS® from the Glendale Association Of REALTORS® in participating. Here’s Your Chance! If you’ve ever been curious about Legislative Day but couldn’t commit to going to Sacramento to experience it live, this Virtual Day is a great opportunity for you to learn the ropes! Here are some of the highlights of the content for the day: Hear from Lieutenant Governor Eleni KounalakisGet a state legislative update from C.A.R.’s Sr. Vice President of Government Affairs, Sanjay WagleSit in on a fireside chat with new C.A.R. CEO John SebreeGet an economic update by C.A.R.’s Deputy Chief Economist, Oscar Wei (The State of California’s Housing Market)Panels and seminars with lots of great policy updates and political informationVirtual Meetings with individual state legislators...Continue reading
This year is beginning with a significant win in stopping Assembly Bill 854 (Lee) which would have weakened the Ellis Act by forcing property owners to keep their rental business for at least five consecutive years. The REALTOR® Party of California was in strong opposition against this legislation for threatening the rights of property owners afforded under the Ellis Act. Sponsored by C.A.R., the Ellis Act (1985) protects property owners’ right to exit the rental property business if the operation is no longer sustainable. The Ellis Act (1985) protects property owners’ right to exit the rental property business if the operation is no longer sustainable. AB 854 would have unfairly forced owners to keep their rental business, even if they cannot afford to stay in business or need to move an ailing or elderly family member into one of their units. The pandemic has been particularly challenging for many small...
Get the latest update about recent State, County and Local issues: — California State AB Measures — L.A.County Rent Moratorium Vote — L.A. City and Glendale City Mandates — And more… Presented by Greg Astorian, Glendale Association of REALTORS®, Government Affairs Director. Be Sure to See More from Greg AstorianVisit Our GAD Corner YouTube Channel ▶
Double Your Impact in California! In 2022, California REALTORS® will have double the impact to the legislative process with TWO Legislative Days! C.A.R.’s Governmental Affairs Team anticipates a very busy legislative season which is why we need two events. Wednesday, March 2, 2022. This FULLY-VIRTUAL event, will help members become familiar with current legislation and how their voice counts in California. Wednesday, April 27 will be LIVE IN-PERSON with virtual aspects so REALTORS® can get back to doing what we all do best, Protecting Homeownership! Legislative Day is an opportunity for REALTORS® from across California to participate in meetings with their state legislators to discuss the issues that affect the real estate industry the most. Attending Legislative Day is not only a great investment in your business, but it will also provide you with an opportunity to hear from the state’s most dynamic political leaders and the leadership of your...Continue reading
** UPDATE ** Glendales county representative, Supervisor Kathryn Barger cast the lone no vote on the extension, saying the plan gives landlords no clear end in sight. After the vote, she introduced a motion asking for the county to explore the possibility of forgiving or postponing property tax payments for landlords who aren’t receiving rent as a result of the eviction moratorium. Send your kind words of support to Supervisor Kathryn Barger Thank You Letter from C.A.R. Learn More From This LAist Article We need your help to oppose the LA County Board of Supervisors’ (BoS) proposed ordinance to extend the countywide eviction moratorium until 2023, effective February 1st, 2022. The BoS are meeting on Tuesday January 25th at 9:00am to reinstate protections against non-payment of rent evictions starting April 1st, 2022 and are attempting to apply these actions to unincorporated LA County AND incorporated cities within the County. Additionally, the...Continue reading
Get the latest update about what to expect in 2022 with State Laws and Local Ordinances: — Balcony Safety Inspection Bill/Health Code 17933: Landlords of 3 or more units.— AB 1383 / Composting— L.A. Transfer Tax Proposal— Water Conservation Mandate— And more… Presented by Greg Astorian, Glendale Association of REALTORS®, Government Affairs Director. Be Sure to See More from Greg AstorianVisit Our GAD Corner YouTube Channel ▶
Here you will find updates presented by our Government Affairs Director, Greg Astorian. Presentations are normally given at our Weekly Town Hall meeting. Below is the most recent recording in an embedded playlist. Click Top Right Corner of Video ≡ To View Playlist ▼ .
Beginning Wednesday, Dec. 15, by order of the California Department of Public Health, masks are required to be worn in all indoor public settings, regardless of vaccine status. The key requirements of the statewide order are: Masks are required at open houses and showings regardless of vaccination status The order will be in effect statewide beginning December 15, 2021, through January 15, 2022, at which time it may be extended Local cities/counties may continue to have stricter mask requirements In workplaces, employers remain subject to the Cal/OSHA COVID-19 Emergency Temporary Standards (ETS) but clients are required to wear masks if visiting any real estate brokerage open to the public This order supersedes all prior face covering guidance
There were plenty of reasons that the proposed creation of a rental registry was bad news for Glendale, the third largest city in Los Angeles County. It was not only unnecessary, it was going to be costly, cumbersome, and, most alarming, it would expose personal data to public scrutiny. The Glendale Association of REALTORS® understood all the complexities of the threat, and why it was so important that the measure be defeated. Using multiple resources from the REALTOR® Party, they were able to ensure that it was. Read Full Article
Read Q&A Here Senate Bill 9 unpacked and explained. Learn why it needs a little more work before C.A.R. can fully endorse the measure.
Glendale’s Largest Affordable Housing Slated for a large parcel just south of the SR-134 freeway. An agreement struck between Glendale officials and two non-profit developers is expected to result in the construction of the largest affordable housing complex in the city’s history. Read Article On a Related Article A study found that there are more than 4,322 residential conversions scheduled to start work in the City of Los Angeles during 2022, highlighted by the upcoming adaptive reuse of the historic Hollywood Western Building into 79 income-restricted apartments. That is a sharp uptick from 2020, when Los Angeles saw 1,073 new homes created through conversions – good for fifth in the nation at the time.
Let’s take this opportunity to talk about the process that will influence elections and representation in California for the next 10 years — redistricting. What Is Redistricting? Who Draws The New District Maps? How Do They Decide Where To Draw The Lines? How CAn I Check On My Congressional/State Senate/State Assembly District’s Boundaries? How Do I Check On Redistricting In My County? What About My City Council Or School District’s Redistricting Process? What If I Still Want To Give Feedback On The Maps? Still Have A Question or comments? Here Is How It Works
Would-be homebuyers who are waiting for a surge in foreclosures and for prices to plunge are likely to find themselves facing even higher prices next year. To add potential insult to injury, many forecasts suggest that homebuyers will be facing higher interest rates after the crisis as well. There are many reasons why it’s not “2008 all over again.” Read Why We Are In a Much Less Amount of Systemic Risk
This is a BIG Deal for First-Time Home Buyers! Fannie Mae Will be adding the history of rent payment for the 1st time buyer to its DU (Desktop Underwriter). ““Positive rent payment history” refers to a new feature, effective Sept. 18, which will allow DU to use verification of asset (VOA) reports (i.e., bank statement data) to identify recurring rent payments to potentially enhance DU’s credit assessment of prospective, first-time home buyers.” See Release Notes View the Positive Rent Payment History Facts
1031 Like-Kind Exchanges are critical to America’s economy. Hear the whole story and how eliminating this tax incentive can be bad for your clients and their investments. Like-kind exchanges — when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind.” Properties are of like-kind if they’re of the same nature or character, even if they differ in grade or quality. Learn more in the brief video overview below. Visit IRS.gov for more information
National Night Out is an annual event that promotes police-community partnership and neighborhood camaraderie to make our neighborhood a safer and more caring place to live. National Night Out is about getting to know your neighbors and the officers that patrol your neighborhoods. By knowing who your neighbors are, you will recognize the suspicious person(s) and activity. Please help us share this event with our Glendale residents and community. The Glendale Police Department encourages all of our Glendale residents to participate in this neighborhood camaraderie, either by attending or hosting. This year’s National Night Out event is on August 3rd! Download Meeting Flyer Download Event Flyer Learn More About National Night Out Register To Participate
The Glendale City Council is considering the formation of a Rental Registry in our city. Please lend your voice to our cause and oppose the formation of a Rental Registry. This issue is important to Realtors® and their clients because this is just another attempt to chip away at private property rights and an overture to potential rent control. I Oppose A Rental Registry! Where Do I Sign?
Workforce housing properties were acquired by the cities of Glendale and Pasadena from the issuance of more than $481.5 million in tax-exempt Essential Housing Revenue Bonds through the California Statewide Communities Development Authority’s (CSCDA) new Workforce Housing Program. The projects will be converted to rent-restricted units for low and middle-income tenants. Read Full Article…
After years of debate, the Los Angeles City Council on Wednesday, June 23, 2021, passed an ordinance giving renters new protections from landlords who harass them. The ordinance lists a number of actions that could constitute harassment, including: Reducing the services outlined in a tenant’s lease (for example, taking away a parking space) Failing to perform necessary repairs Unlawfully entering a tenant’s unit Threatening physical harm Refusing to accept payment of rent Asking tenants to disclose their immigration status or threatening to report them to authorities Other repeated acts that “substantially interfere with or disturb the comfort, repose, peace or quiet of a tenant” Tenants will be able to sue landlords for violating any of the provisions in the ordinance. Read Article To Learn More About Landlord / Tenant Rights Here are other resources mentioned in the aforementioned article. Alliance of Californians for Community Empowerment. Housing Rights Center
C.A.R. has put together a short explainer video about the legislation we’re sponsoring and supporting as it relates to fair housing. AB 263 – Implicit bias training for all real estate licensees AB 491 – Stops discriminatory practices of treating residents of affordable housing units and mixed-income developments differently from market-rate housing units residents. AB 633 – Makes changes to current law to preserve intergenerational wealth AB 948 – Requires information to be provided to buyers and sellers on how to report discriminatory appraisals by licensed real estate appraisers Learn from the video, the importance of these measures and share it with your clients to show how REALTORS® are fighting for fair housing.
There are new disclosure requirements for properties in the City’s high fire hazard area that take effect on July 1st, 2021. Sellers of property in the high fire hazard area must provide the following documentation to a buyer: 1. provide a disclosure notice to the buyer, if the home was constructed before January 1, 2010, that includes the following statement: “This home is located in a high or very high fire hazard severity zone and this home was built before the implementation of the Wildfire Urban Interface building codes which help to fire harden a home. To better protect your home from wildfire, you might need to consider improvements. Information on fire hardening, including current building standards and information on minimum annual vegetation management standards to protect homes from wildfires, can be obtained on the internet website http://www.readyforwildfire.org.” 2. provide to the buyer documentation stating that the property is in...
May 26, 2021 Hundreds of bills failed to advance last week during a rapid-fire appropriations process known as the suspense file. The suspense file process was introduced in the Legislature in the 1980s to promote fiscal responsibility by evaluating the costs and comparing bills before they reach the Assembly or Senate floor. Unexpectedly, the day before the committee hearings last Thursday, President pro-Tempore Toni Atkins and Assembly Speaker Anthony Rendon announced a new limit of 12 bills per legislator, ensuring the death of hundreds of bills. Atkins reasoned that rules requiring “increased access for people to phone in public comment” made the cap necessary. Of the 16 priority bills highlighted during the League of California Cities Legislative Action Days, 12 were placed on the appropriations committee suspense files and during those hearings, five bills had favorable outcomes for California cities. Check Out Some of The BillsAt THE...
Please take one minute to fill out a form that will forward an email to your representative that encourages them to VOTE NO on ACA 7. Send Your Email Now With Just a Few Clicks
In a press conference this morning, Newsom announced that California will receive an additional $2.6 billion in rental assistance from the federal government. That brings California’s total federal rental aid to $5.2 billion. Read On…
We thank the 52 members who showed up for GAOR’s first webinar. Your show of support for our distinguished panel who presented our concerns to Assm. Laura Friedman on Legislative Day was a BIG SUCCESS. Our GAOR representatives drove home two important issues, which C.A.R. supports, in regard to housing: Greg Astorian, GAOR Government Affairs Director Panel Facilitator Eddie Manisian SB6: State Senate Bill An act to amend Section 65913.4 of, and to add and repeal Section 65852.23 of, the Government Code, relating to land use. Senate Bill 6 enacts, until January 1, 2029, the “Neighborhood Homes Act,” which establishes a housing development project as an allowable use on a “neighborhood lot,” which is defined as a parcel within a commercial zone where office and retail uses are permitted, so long as the parcel is not adjacent to an industrial use. Here is the California Government Posting Antoinette Stahl ACA7:...
C.A.R. is hosting its first-ever, fully virtual Legislative Day on Tuesday, April 27th. At 1:30 p.m. GAOR is scheduled to meet with Asm. Laura Friedman. Greg Astorian, Antoinette Stahl, and Eddie Minassian from GAOR will be pitching for our team. Our show in numbers at 1:30 p.m. on this day would help send our message loud and clear. If you’ve ever been curious about Legislative Day but couldn’t commit to going to Sacramento to experience it live, this is a great opportunity for you to take part without leaving home! Please REGISTER For This 30 Minute Webinar Now Please note – you will need your NRDS ID to register.If you’re unsure of it, here’s a link to look it up: http://on.car.org/nrdslookup Besides attending this 30-minute webinar to support our associationclick here to learn about all the day’s events that you can attend.Continue reading
All are invited to the Glendale Police Department’s “Introduction to the Neighborhood Watch” meeting on Wednesday, May 12, from 5:00 p.m. to 6:00 p.m. The meeting will be held virtually through WebEx. It is recommended to join 5-10 mins before the start of the meeting time to eliminate any last min technical issues. The Neighborhood Watch program is a crime prevention effort to help Glendale residents make their neighborhood safer by partnering with the Glendale Police Department. They will highlight some of these program benefits: Reduce the risk of becoming a victim of crime Help Glendale residents recognize and respond appropriately to suspicious activity Learn about crime trends in their neighborhood Reduce the fear of crime and make the neighborhood feel safer Address other areas of concern—fire prevention, teen safety, travel safety, more Meet the designated lead offer who serves their neighborhood area Ultimately, build an effective partnership with the...Continue reading
“What needs to happen is less driving and more easy and safe options for getting around.” Assembly Transportation Chair Laura Friedman (D-Glendale) is tackling all of this with A.B. 1401, which would prohibit cities from imposing minimum parking requirements on certain developments, specifically those located near existing public transit. The bill has strong support from housing advocates, affordable housing developers, and a few mayors who showed up to the press conference to tout its benefits. Her goal is to help California set policies that “prioritize and center human beings over cars; that prioritize people, housing, health, and the environment,” she said. Read More About This Measure Here
Last night, March 23, Glendale City Council adopted the Resolution of The Council of The City of Glendale, California, Extending an Emergency Public Order Relating to A Commercial Eviction Moratorium. Read Resolution
If you are a landlord who has one or more eligible renters, you can apply to get reimbursed for 80% of each eligible renter’s unpaid rent between April 1, 2020, and March 31, 2021. You are required to agree to waive the remaining 20% of unpaid rent for that specific time period. Learn about the requirements and what you need readily available before applying. Take the Landlord Eligibility Quiz About BCSH
In case you missed it, here is some pertinent information shared at our Town Hall meeting on March 3rd by Greg Astorian, GAOR’s Government Affairs Director. TOPIC: Housing and Eviction Moratorium Presentation: Important links worth noting. https://landlordtenant.dre.ca.gov/ https://www.glendaleca.gov/ https://www.car.org/riskmanagement/covidlegaldocs https://www.car.org/riskmanagement/live https://www.caprop19.org/ Prop 19 CAR Webinar The California COVID-19 Information App for Tenants & Landlords City of Glendale COVID-19 Dashboard If you have any other topics you would like to see covered at our meetings, please let us know.
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As new information about the implementation of Proposition 19 comes out this year, we will make every effort to disseminate the data points and bring them to your attention in the form of a post or discussion topic at our Weekly Town Hall Meeting. Any information we gather will be collected and summarized on this dedicated resource page. gaor.org/prop19 Should you come across a worthy resource, please contact us so that we can add it and share it with your fellow members. Take Me To GAOR’s PROP 19 Resource Page
GAOR has made searchable in our Member Center, insights from the California Association of REALTORS® on issues surrounding Proposition 19. Check out this one-page summary Quick Guide on Property Tax Increase Limits on Primary Residences. For more of a deep dive, C.A.R. offers some legal perspective as well.
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Your Immediate Help Is Needed Tomorrow, Tuesday, September 29, the Glendale City Council will vote on a resolution in support of Proposition 15, the split roll initiative. Prop 15, if approved by the voters in November, will require commercial and industrial properties valued cumulatively at over $3 million to be taxed on market value rather than purchase price. (Residential properties would continue to be taxed on the purchase price as today) . This has the potential to cause increases in rents to small businesses already hurting badly from the COVID-19 pandemic. Send the City Council an email right now. Tell them they should be supporting our city’s small businesses — not making it harder for them to stay afloat. Tell them to vote NO on the resolution and NO on Prop. 15. email@example.com firstname.lastname@example.org email@example.com firstname.lastname@example.org email@example.com Share flyers on your social media channels. Please feel free to...Continue reading
Beginning on Constitution Day, September 17, through Sunday, September 20, join Census Bureau partners nationwide in reminding your network that time is running out to respond to the 2020 Census.Share this 2020 Census graphic with your social media followers using the hashtag #2020Census, and post this 2020 Census banner on your website. Plan to send an email or text message reminder to your employees with a link to respond at 2020census.gov, and post a reminder on your intranet. Support your digital engagement with activities like chalking the sidewalks in your community. For example, social media reminders could be combined with “Chalk the Walk” reminders that ask your stakeholders and social media followers to chalk "last chance to be counted in the #2020Census" on their sidewalks. Time is Running Out Social Media Graphics: Graphic 1, Graphic 2 Time is Running Out Web Badges and Banner: Badge 1, Badge 2, Banner 2020 Census Outreach Materials Where to Count...
Here are follow up notes from GAOR’s Government Affairs Legislative Update There are three propositions on the November ballot that should be of interest to REALTORS®: Proposition 15 Prop 15 (known as the Split Roll Initiative) would tax commercial property based on its market value, rather than the price at which it was purchased (the way residential property is taxed). Owners of commercial properties valued at a cumulative $3 million would see their properties reassessed at least every three years. CAR has not taken a position on this measure yet. Proposition 19 Prop 19 is the CAR-sponsored initiative that would allow all homeowners who are over 55, disabled, or victims of natural disasters to take their property tax base with them when they sell their homes and buy a new one. Should the new home have a higher tax value than the old one, the homeowner would pay a blended rate...