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Where Voters Can Cut Their Property Taxes on Election Day
Governing: Home prices have risen, but when voters in two states head to the polls in November, they could at least reduce their property taxes.
The median home price has risen by 40 percent nationwide in the past five years and is still rapidly rising. The increase is blamed largely on a housing shortage. The problem has been especially acute in California, which -- along with Louisiana -- is considering property tax reductions this fall.
California's Proposition 2 would allow home buyers who are seniors, disabled or homeless as the result of a natural disaster to pay taxes on only a portion of their new home's market value.
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