Three topics: 1) Death Tax 2) Fiscal Impact of an exemption 3) Call to Action

[CA Property Tax Exemption 25-0035]

Let's FiXProp19  (Repeal the Death Tax).
Prop 19 took away the protections that once allowed families to keep their parents’ tax basis when inheriting property — triggering major reassessments and huge tax increases. A sleight-of-hand tax grab that left many voters unaware of the real impact. Tonight is the Zoom meeting. Zoom link for tonight's 7PM Thursday Volunteer Zoom Meeting. Find out more at www.ForCalifornians.com. 

I hear there is pushback on Nextdoor, Whatsapp and WeChat about the fiscal impact of a property tax exemption. We highly recommend you review the FAQ on our website. Here's our response and explanation below:

3️⃣  What about the fiscal impact?

Sacramento’s Legislative Analyst’s Office (LAO) conducted the fiscal analysis and projected a potential $12–$20 billion reduction in property tax revenue. Even at that level, it represents a relatively small share of California’s roughly $100 billion annual property tax base and $350 billion total state budget. However, we do not fully agree with the LAO’s conclusions — and here’s why:
The LAO estimate relies on static, worst-case assumptions that don’t reflect real-world behavior, economic feedback, or natural eligibility limits among seniors. It presents raw revenue impacts without proper context against California’s $350B budget, $100B property-tax base, or normal budget volatility. The analysis also overlooks offsetting savings from preventing senior displacement and fails to account for efficiencies from technology and AI-driven government optimization. In short, it models cost — but not outcomes, savings, or real-world dynamics. Please review the (financial view) op-ed piece on our website exemptpropertytax.com for our complete statement.

BTW - why isn't Sacramento talking about fiscal impacts of the billions in waste?
Why are we paying more taxes while billions go to waste? Here's a CBS report on Sacramento's failures to follow through on audit reports.

• $20B+ lost to unemployment fraud, 
• $20B+ homelessness spending without accountability,
• Wildfire oversight warnings ignored.
• 300+ audit fixes still unresolved — lawmakers failed to act on 3 out of 4 recommendations.

These were problems already identified, yet Sacramento keeps talking about new taxes.👉 Before asking Californians to pay more, Sacramento must show it can manage resources responsibly. Cutting waste, restoring oversight, and bringing fiscal discipline back to government should come first.

CALL TO ACTION: Can you post a message on Nextdoor about the Property Tax Exemption Ballot Initiative? Ask your neighbors to sign the petition. Search for the Nextdoor text on our home page

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Sincerely,

🇺🇸 Rishi Kumar 🇺🇸

https://exemptpropertytax.com
Donate to our campaign

Phone: (408) 805-5993 

Follow Rishi: X.com | Facebook

Sign-up to volunteer here

Sign-the petition - details on our website

It's time to exempt the 60+ age group from property tax payments. Let's get it done! 

Ballot Initiative 25-0035, Proponent Rishi Kumar

Paid for by California Property Tax Exemption CA2026 || FPPC # 1485201