Sophia Cizmarik in Mansion Global: Will There Be Property Tax Proposals on the Ballot on U.S. Election Day?

Each week, Mansion Global, a real estate publication of Dow Jones/Barron’s Group, poses a question to real estate tax attorneys. Sophia Y. Cizmarik was interviewed for a September 2020 article discussing real estate tax proposals on several state ballots in November. Sophia discussed the Split Roll initiative on the California ballot, which would change how property tax is assessed in the state by treating commercial and residential properties differently. As a Trusts and Estates attorney, Sophia is keenly aware that

Currently, Californians can pass their low property tax assessment on to their children and, in some cases, grandchildren. That tax is transferred regardless of whether the children move into the family home or not.

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