Wednesday, April 13, 2005

Possible Prop 90 Changes

In April 1992 the Ventura County Board of Supervisors voted to adopt a Proposition 90 ordinance. (The measure provides anyone over the age of 55 with relief from Proposition 13 by allowing them to move from one county to another without undergoing a change in their basic property taxes as long as their new residence is equal to or lesser in value than the original property.) The Board of Supervisors at their Tuesday, April 26 meeting will be reviewing and deciding whether or not the ordinance should be continued. According to the county's figures over the past three years 220 to 230 seniors have benefited from the ordinance and if the ordinance were discontinued, it is estimated the county's general fund would benefit annually by $90,000.

What do you think?


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