Repeal the Death Tax: Proposed 2022 Ballot Measure

The Sonoma County Farm Bureau needs your support! Proposition 19, passed narrowly in November 2020, and changed Proposition 58, the law regarding parent-child or grandparent-grandchild transfers of property, requiring reassessment to market value upon transfer, with limited exceptions. Family farms were granted an exception, but farms that consisted of more than one parcel were not clearly protected by the language of the measure.

This proposed initiative will restore Proposition 58– the ability of parents or grandparents to transfer a home of any value plus certain other property to their children or grandchildren without reassessment. The exclusion from reassessment for “other property” had previously been capped at $1 million of assessed value; the Repeal the Death Tax Act adjusts that figure (set in 1986) for inflation and now excludes up to $2.4 million of assessed value of property other than the principal residence. A home of any value would once again be excluded from reassessment when transferred, even if the children do not live there.

Here are a few ways to help:
-Send a letter to the editor
-Call your elected officials
-Request a petition in the mail
-Sign up as a volunteer on the Repeal the Death Tax website

Click this link to learn more:
https://reinstate58.hjta.org/