,

Are You Eligible for a Parcel Tax Exemption?

Learn Everything You Need to Know About School Parcel Taxes in Santa Clara County

What is a Parcel Tax?

Parcel taxes are real property tax assessments available to cities, counties, special districts, and school districts. These taxes are flat rate, and are non-ad valorem meaning that they are not based on the assessed value of the property. California permits, but does not require, school districts to grant exemptions from parcel taxes for those age 65 or older and persons with disabilities.

Who is taxing and why do they give exemptions?

Local school districts often pass parcel taxes to supplement state funding for school supplies, classroom upgrades, and  operating expenses. 22 of 32 school districts in Santa Clara County offer parcel tax exemptions for seniors and/or homeowners with disabilities, but they are often not publicized well and taxpayers may not know they are eligible for an exemption. The exemptions exist often as part of a strategy to get them to pass muster with the voters in the first place.

What is being done to notify taxpayers they may be eligible for tax relief?

Read more

,

Red Alert: SCCAOR Opposes SB 231 (Hertzberg) Sewer Tax

C.A.R. is OPPOSING SB 231 (Hertzberg), a bill that allows local governments to circumvent the State Constitution and Proposition 218 to tax property owners directly for costs related to stormwater infrastructure projects without the legally required voter approval. C.A.R opposes SB 231 because it uses legal “sleight of hand” to allow local governments to impose new taxes without required voter input. The bill will be considered by the ENTIRE Assembly as soon as Monday, June 19th.

Read more

,

Make Your Home Stand Out to Buyers: 10 Tips to Prep Your Home for Sale

By Doug Evans

Even though selling a home can be a stressful undertaking, why not give it every chance to “wow” potential buyers?  Securing the right offer is not always easy, but here are 10 tips to impress potential buyers and maximize the possibility of obtaining the best price:

  1.      Focus on Curb Appeal: When you meet someone for the first time, you always want to make a good first impression and the “curb appeal” of your home is no different when it comes to impressing buyers.  When the curb appeal is strong, people will want to see what is inside – and that is your goal – to get buyers inside.  Mow and water the lawn, prune the bushes so no windows are hidden, trim the trees, weed the garden beds, and plant some colorful flowers in pots or window boxes.
  2.      Clean the outside:  Make sure to clean the gutters, pressure wash the exterior, properly store bicycles, gardening equipment, and children’s toys.  In addition, be sure the front door has a welcome feeling. A fresh coat of paint on the front door works wonders for a good first impression.  Add a new welcome mat for the finishing touch!
  3.      Make Necessary Repairs: Homebuyers will automatically expect all features in a home to operate safely and efficiently. If a buyer notices any problems, they may question whether the home has been cared for.  Take care of major issues like faulty or outdated electrical outlets and wiring, broken windows, furnaces and water heaters, along with leaking roofs and other plumbing concerns prior to putting a house on the market.
  4.      Remove Clutter: Virtually all homebuyers are on the lookout for one thing – a spacious home. Homebuyers tend to show less interest in an untidy, cluttered home.  In addition, an untidy home tends to fetch a lower selling price.  Consider renting a storage unit for extra furniture to create more open space in rooms.
  5.      Organize Closets and Drawers:  Avoid overflowing closets and drawers which indicate there is not enough storage space in the home.
  6.      Depersonalize:  Displaying too many family collectibles and photos can be distracting to buyers.  If you have young children or pets, consider buying bins that you can quickly toss toys into (and other items that are laying about).  Place them in the garage or attic before open houses or when a real estate sales professional calls to bring by a potential buyer!
  7.      Make Your Home Sparkle:  This may seem obvious, but clean your home until it shines – every surface should be clean, from the floors to ceiling fans and hard-to-reach light fixtures.  The two most important rooms in a buyer’s mind are the kitchen and bathrooms. Make certain these rooms are sparkling clean and in good condition.
  8.      Eliminate Odors: Make sure to take out the trash, remove litter boxes, and empty ashtrays. Also, be certain to bathe pets and clean drapes. It is important to ensure that the home smells nicely.   Fresh flowers, room fresheners and freshly baked cookies also work wonders in creating a pleasant-smelling environment.
  9.      Repaint Brightly Colored Rooms:  Repaint walls with neutral paint colors that will appeal to a wider range of buyers.  And, lighter colored walls will make a room seem larger!
  10.     Work with your Sales Associate:  Being objective is hard.  So, utilize your real estate sales professional to gain an even-handed appraisal of what improvements can and should be made. Sales associates have the experience and knowledge to help identify potential problem areas or to suggest necessary improvements that will help maximize your home’s selling potential!

For more information, please contact Doug Evans (Cal BRE #01253232), manager of Coldwell Banker Residential Brokerage Los Gatos office, at 408-355-1500 or doug.evans@cbnorcal.com

Open House Theft Alert + Safety Tips for REALTORS®

There have been several recently reported thefts that have occurred during open houses in Santa Clara County. Individuals have been attending open houses and signing in with a fake name, phone number, and address. They are commonly targeting two story houses so they have a better chance of creating separation between themselves and the REALTOR®. Common items that have been reported stolen include cash, wallets (out of purses), jewelry, and other small items. Sometimes the thief will do a quick walk through the house and then ask a question about the number of bedroom or bathrooms upstairs. They will then say that they missed a room and go back upstairs for a quick look. Many of the thefts are happening at this time. In many instances, the thief says that they are very interested in the property and plan on coming back later in the day with their spouse, but they never return.

Since holding open houses exposes you to people that you’ve never met before, it is critical that REALTORS® follow all possible safety precautions. Even a buyer that seems legitimate could quickly decide to steal a small item on a whim.  NAR has provided the following 10 tips for holding a safe open house:

  1. If possible, always try to have at least one other person working with you at the open house.
  2. Check your cell phone’s strength and signal prior to the open house. Have emergency numbers programmed on speed dial.
  3. Upon entering a house for the first time, check all rooms and determine several “escape” routes. Make sure all deadbolt locks are unlocked to facilitate a faster escape.
  4. Make sure that if you were to escape by the back door, you could escape from the backyard. Frequently, high fences surround yards that contain swimming pools or hot tubs.
  5. Have all open house visitors sign in. Ask for full name, address, phone number and email.
  6. When showing the house, always walk behind the prospect. Direct them; don’t lead them. Say, for example, “The kitchen is on your left,” and gesture for them to go ahead of you.
  7. Avoid attics, basements, and getting trapped in small rooms.
  8. Notify someone in your office, your answering service, a friend or a relative that you will be calling in every hour on the hour. And if you don’t call, they are to call you.
  9. Inform a neighbor that you will be showing the house and ask if he or she would keep an eye and ear open for anything out of the ordinary.
  10. Don’t assume that everyone has left the premises at the end of an open house. Check all of the rooms and the backyard prior to locking the doors. Be prepared to defend yourself, if necessary.

The following video also provides a great refresher on safety tips when holding open houses and meeting clients for the first time:

 

SCCAOR General Membership Meeting Recap (June 2, 2017)

The SCCAOR General Membership Meeting was on June 2nd, 2017 and featured a panel on how to develop Accessory Dwelling Units in San Jose. The panel was moderated by San Jose’s Planning Director Steve McHarris. The group discussed the opportunities presented by the new state law as well as the challenges that still exist in developing these ADUs.

 

The meeting also featured an MLSListings, Inc. update from Jim Harrison, an NAR Update from Dave Walsh, and a C.A.R. Update from Trisha Motter.

 

SCCAOR Members were also recognized for reaching various Membership Milestones. We would like to congratulate Yana Mocak and Bharath K. Talluri (25 years), John S. Choi and Rose M. Pfander (30 years), Allen Ansari (35 years), Jim Allen, Jerry A. Dias, Manuel Franco, and Floyd “Sonny” Wilkins (40 years), and Steven C. Blair and Janet E. Simas (45 years). We appreciate your commitment to your Association!

 

We livestreamed the meeting on Facebook Live, and you can watch a recording here:

SCCAOR General Membership Meeting – June 2nd, 2017

Posted by Santa Clara County Association of REALTORS® on Friday, June 2, 2017

The SCCAOR Minute 06.01.2017

Links from this SCCAOR Minute
Click here to register for the General Membership Meeting 
Click here to view our upcoming class calendar
Click here to view upcoming Tour and Marketing Meetings
Click here to register for the Golf Tournament

2017 REALTOR® Action Fund Recognition

Thank you to our 2017  RAF Contributors!

The REALTOR® Action Fund (RAF) helps to protect private property rights, homeownership, and YOUR business. With potential tax reform in Congress that would increase the taxes on homeowners nationally at an average $815 annually, it is now more important than ever to contribute to the RAF. We have successfully fought back against taxes on your commission and unnecessary fees on home buyers because of the efforts of our members. On behalf of the Board of Directors, we are recognizing those members and giving a very special thank you for their 2017 voluntary contributions to the REALTOR® Action Fund.

Sincerely,

Neil Collins
CEO
Santa Clara County Association of REALTORS®

P.S. If you have not made a contribution this year you can do so here.

 

NAR Golden “R”

$5,000 initially and $2,000 annually- $449 Annual Renewal for Chartered NAR Golden “R’s” prior to 01.01.02. NAR provides annual pin, invitation to attend NAR’s special functions during NAR meetings. C.A.R. provides a major donor ribbon given and an invitation to all C.A.R.’s major donor receptions held during the C.A.R. Directors meetings.

Dave Walsh

Robert Kulick

Stephen Hanleigh

Colleen Badagliacco

Carl San Miguel

NAR Crystal “R”

$2,500 initially and $1,500 annually- NAR provides annual pin, invitation to attend NAR’s special functions during NAR meetings. C.A.R. provides a major donor ribbon given and an invitation to all C.A.R.’s major donor receptions held during the C.A.R. Directors meetings.

Douglas Goss

N.A.R. Sterling “R”

$1,000 Initial Contribution and $1,000 Annually-NAR Sterling “R” pin given by NAR upon initial investment, invitation from NAR to attend their special functions during NAR meetings. Members will receive a major donor ribbon, along with an invitation to all C.A.R. major donor receptions.

Karl Lee

Michael Sibilia

Greg Haas

Rick Smith

Quincy Virgilio

William Welch

Trisha Motter

Sandy Jamison

Kevin Cole

Bradley Gill

Myron Von Raesfeld

Michael Bui

 

California Silver Bear

$449 and above Annual Contribution – Members will receive a Silver Bear pin upon initial contribution, a new ribbon given to a member annually, along with an invitation to all C.A.R.’s major donor receptions held during the C.A.R. Directors’ meetings

William Chea

Neil Collins

Pamela Foley

Anne Hansen

True Cost of Doing Business

$148 and above Annual Contribution –  Members will receive a silver RAF pin upon initial contribution and an invitation to the Capitol Reception during the Sacramento mid-year meetings.

Barbara Lymberis

Melinda Gedryn

Dennis Badagliacco

Lisa Faria

Michael Gill

Grace Vaccaro

Shirley LeDeit

Frank Cancilla

Greg Carlsted

Cindy Dalla

James Dill

Craig Gorman

Zhan (Jeff) Ling

James Myrick

Tung Nguyen

Vince Rocha

Joseph Weinstein

Kenneth Wong

Minimum Cost of Doing Business

$49 and above – Members Receive an RAF Button Pin

Robert Catalano, Jill Curry, Jim Guido, Gita Kazemi, Julie Keil, Joseph Pollifrone, Ronald Ramirez, Geraldine Rincon, Rebekah Slipsager, Alice Tong, Carla Griffin, Gene Hunt, Donald Tornincasa, Lyzette Abaya, Deborah Adamo, Brenda Addiego, Alfred Altomare, Enrique Alva, Mariano Alvarado, Christina Andrade, Gina Andrade, Alicia Andrade-Cuevas, Chi Ansjory, Raeann Arias, Anita Armendariz, Annalyn Artadi, Gloria Ashdown, Roland Attebery, Antonio Avelar, Brigitte Avigdor, Brenda Avilla-Kintz, Narinder Badwal, Laleh Bagheri, Arthur Bando, Arthur Bannister, Nicole Banucci, John Baptiste, Syed Baqar, Roland Barcos, Kip Barnard, Don Barnes, Holly Barr, F.Darlene Barrick, Suman Bazaz, Tom Beck, Jen Beehler, Tahereh Behtaji, Jason Belcher, Gretchen Bell, Kimiko Berger, Carlos Bernardo, Guy Berry, David Bettencourt, Manuel Bettencourt, Melinda Bettencourt, Sushanta Bhandarkar, Rashmi Bhargava, Steve Bianchi, Carolyn Bird, Marlene Bird, Lisa Blagof, Lisa Blaylock, Brian Bonafede, Dina Bonafede, Steve Bonafede, Brian Bonnifield, Matthew Bowen, Barry Brady, Steven Brady, Robert Braud, Diane Bravo, Desiree Breschi, Orlando Brittian, Joseph Brown, Nicki Brown, Mickelin Burnes-Browne, Ann Butler, Brett Bynum, Joel Calvillo, N. Campa, Edward Campbell, Vicky Campos, Carlo Caralli, Julie Carlson, Kimberly Carmassi, Fidel Carrasco, Richard Carrasco, J C Chadband, Pat Chadwell, Philip Chandy, Jennifer Chang, Kuo-Wei Chang, Mark Charon, Meiju Chen, Stanley Chen, Wu Chen, Xiaohu Chen, Hon Cheng, Wing May Cheung, Raymond Chiu, Helen Chong, Lisa Cimino, Russell Ciotta, Trevor Clarke, Angie Cocke, Joy Colin-Brown, Melinda Collins, Thomas Collins, Twilynn Collins, Kristen Constantino, Orlando Contreras, Joseph Cossitor, Philip Costanza, Clint Cox, Michael Craighead, Patrick Crema, Leonora Cruz, Robert Cruz, Rita Curley, Dean Daily, Mike D’Ambrosio, Bryan Dang, Vincent Dangerio, Julie Davis, Amber DeLaere, Jean-Louis Delville, Pritpal Deol, Mark Devlin, Danielle Di Carlo, Jerry Dias, Mansoor Dinga, Tony Dinh, Arthur Dixon, Dang Do, Julia Dong, Tyler Doughty, James Downey, Cristina Dunne, Melinda Dy, David Eisbach, Vahlya Eldredge, Michelle Elliott, James Endo, Wendy Eng, Elise Erwin, Deonna Essary, Lauson Fargher, Lawrence Fargher, Lei Feng, Todd Fernandes, Terese Ferrara, Susan Fick, Laila Fields, Pamela Finch, Arlene Finney, Barry Ford, Larry Fordyce, Robert Fowle, Joanne Francis, Peggy Francis, Michael Frangadakis, Mary Fritzsche, Gail Fulcher, Robert Gadsby, Marc Gallardo, Donald Gaskin, Prem Gaur, Sammy Giang, Lorie Gillespie, Gary Gillmor, Lisa Gillmor, Martin Gillum, Debra Giordano, Mark Gissler, Lawrence Giuffre, Robert Godar, Rose Marie Goff, Adriana Gomez, Virginia Gonzales, Cristina Gonzalez, Jaime Gonzalez, Jorge Gosalvez, Diane Grant, Scott Grant, Lisa Grisalin, Judith Guardino, Jack Guercio, Becky Guillett, Christina Gutierrez, Jerry Gutierrez, Ramiro Gutierrez, Sergio Gutierrez, Tiffanie Ha, John Haggerty, Pamela Hammer, Charles Hanna, Diane Hardy, Holly Hartman, Melissa Haugh, Richard Hebert, Julie Hedrick, Patricia Hein, Timothy Hendrix, Ryan Henry, Agnes Hernandez, Anna Hewitt, Lilly Ho, Nancy Hoang, Shiann-Tarng Huang, Jessica Huening, Jean Hung, Kelly Hunt, Donald Huntley, Mary Husi, Ryan Iwanaga, Dennis Jacobs, Robert Jamello, Robert Jamison, Tammie Jann, Don Jessup, Matt Johnston, Carmen Jones, Jacqueline Jones, William Jones, Jeanette Jordan, Thomas Kalivoda, Alex Kang, Bliss Katopothis, Nasrollah Kazemi, Douglas Keefer, Curt Keegan, Judy Kelley, Terrence Kelly, Jae Kim, Miwan Kim, Glenn Kinsey, Zo Ann Kinsey, Pamela Kliewer, Scott Kliewer, Wanda Klor, Joann Kooyman, Ronald Kooyman, Gzim Kraja, Mercedes Kronfeld, David Kubit, Ming Hing Kwok, Yong Lai, Kha David Lam, Robert Lam, Michele Lane, Leslie Lang, Dave Lazzarini, Amanda Le, Mai Le, Terri Le, Towis Le, John Leahy, Jewel Linda Leake, Eva Leanos-Perez, Chung-Lin Lee, Juliana Lee, Jiangyan Li, Yihua Li, Ksai Liang, Chauyew Lin, Yun Lin, David Lindsay, Leonard Lindstrom, Vito Lippolis, Gene Litle, Andrew Liu, Danli Liu, Hong Liu, Lily Liu, Lori LoBue, Michael Lombardo, Norma Lopez, Julie Low, Patricia Lowe, Lien Kim Lu, Shirley LuLevitt, Rensha Luo, Nick Lymberis, Ronnie Lynds, Philip Ma, Robert Mackey, Lionel Madamba, Mohammad Madraswala, Gyan Maharaj, Carmen Mainor, Roger Malech, Barry Mangan, Lorelei Mangan, JLynn Manley, Ana Manzano, Louis Marcus, Douglas Marshall, Amber Martines, Ron Mason, Richard Matusich, Mark May, Sandra Mayfield, James Mc Carthy, Philip McCarty, Daniel McGuire, Morgan McGuire, Gaylene McIntosh, Michael McPherson, Pamala Meador, Enrique Medellin, Manish Mehta, William Meiklejohn, Louis Melo, Carol Meyer, Terry Meyer, Jeannette Mihalak, Artmis Milani, James Miller, Donna Minardi, Kent Mitchell, Celia Montenegro, Clinton Moore, R Douglas Moore, Roberta Moore, William Moore, Diana Mora, Ali Moridi, Mary Mosher, Al Motley, Natalia Movchan, Denise Myrick, Rinkoo Nat, Dave Navales, Karen Nelsen, Randal Nelson, Sonia Nevarez, Steve Nevarez Jr, Cuc Crystal Nguyen, Jenniee Nguyen, Liem Nguyen, Minh Nguyen, Stepfanie Nguyen, Thuy Nguyen, Vinh Nguyen, Qing Ni, Marjorie Nissly, Gary Nobile, Paul Nogosek, Nathaniel Norberg, Brigette O’Connor, James Odom, Andrew Oldham, Paulo Oliveira, Frank Oliver, Lizette Oliveri, Terry Olson, Dawn O’Neal, Michael Orlando, Mike Pan, Arvin Paredes, Eric Parker, James Parker, Stephen Parker, Eileen Parks, Buddy Parsons, Victoria Pasalo, Marcie Paul, Sylvia Pedigo, Greg Pedone, Jim Benedict Pedro, Kathryn Pelling, Stanley Perry, James Peterson, Christine Pham, Nick Pham, Son Pham, Thai Pham, Nga Phan, Stanley Phan, Joanna Phillips, Jim Pickett, John Pinto, Alan Pippert, Brian Porter, Catherine Power, Raul Profeta, Tam Quach, Martin Quintana, Gloria Radam, Corinne Raffanti, Baldev Rai, Richard Raich, Dorothy Ramirez, Norma Ramirez, Gabriel Ramirez-Perez, Lance Rasmussen, Robin Realini, Scott Rees, Roger Reguerin, Douglas Rennert, George Renz, Juan Reyes, Maria Reyes, Kimberly Reynolds, Louise Rinella, Javier Rivera, LAURA ROBERTSON, Charles Robinson, Rachel Rodriguez, Raphael Rodriguez, R. Rogers, Janette Rosales, Constantino Rosario, Deborah Rossetto, John Rossi, Donald Sabatini, Mehdi Safipour, Nora Sandoval, Robert Sanfilippo, Pamela Sauceda, Lee Schmidt, Josephine Schooler, Carolyn Schulte, David Schumacher, Debra Schwartz, Kerry Sexton, Fowzy Shacker, Tasneem Shaikh, Tessa Shao, An Shin, Jennifer Siem-Oldham, Cindy Simon, Shannon Sloan, Gema Smith, Karen Smith, Kerry Smith, Martin Smith, Louis Snyder, Shuwu Song, Vicente Songcayawon, Nickolas Sosa, Mary Jane Souza, Socorro Sowers, John Spangberg, Lee Springer, Anthony Stafford, Leonette Stafford, Pamela Staub, Doina Stefanescu Vines, Dennis Steinbach, Robert Stewart, Janet Strangis, Jerry Strangis, Diana Strannigan, Becky Strauss, Michael Strouf, Peter Suess, Veronika Suess, Bharath Talluri, Brian Tanger, Matthew Tenczar, Joseph Tersigni, John Thein, Tony Thomas, Nan Tingley, Douglas Tobin, David Tofte, Suzanne Tofte, Kevin Tomlinson, Ralph Toreson, Edward Tran, Huong Tran, Lisa Tran, Trieu Tran, Trung Tran, Larry Tringali, Cynthia Trinh, San Trinh, Rachna Tripathi, Jill Uda, Abi Vahdatinia, Alex Vainberg, Suzan Vainberg, Daniel Valcazar, Nolberto Valencia, Nathanial Valline, Rebecca Van Dahlen, John Van Dyk, Anthony Ventura, Alfonso Villafuerte, Michael Villa-Lobos, Mario Vista, Hong Vo, Kiet Vong, Cynthia Vu, Sonia Vu, Gary Walker, Jacqueline Walker, Joi Walker, Alexander Wall, Edward Wall, Kenneth Wall, Linda Walsh, Betty Wang, Greg Wang, Wen Wang, Adam Warrick, Toby Warthemann, Tracy Webb, Julia Welch, Theresa Wellman, David Wendt, Deena Westergard, Karlene Westfall, Christine Wheeler, Yolanda Williams, Bonnie Wilson, George Wilson, Ortencia Wingender, Warren Winsness, Roger Wintle, Jennifer Wirt, Kenneth Wirt, Maureen Wise, Cory Wong, Karel K M Wong, Mei-Yueh Wu, Min Wu, Steven Wu, John Wunderlich, Jinping Yao, Marisa Yap, Gary Yip, Michael Yoshihara, Margaret Yost, James Zako, Jerry Zang, Donna Zehner, Sherman Zell, Frank Zhang, Jane Zhang, Jennifer Zhang, Linda Zimmer

 

Other Contributors:

Robert Fernandez, Priscinia Celis, Gabriel Cervantez, Nick Chargin, Ambica Dhanjal, Rafael Insignares, Feifei Liu, Nha Mai, Ricardo Bareng, Allan McGurk, Steven Ramos, Maria Weingarten, Irene Jacobson, Susan Lapsys, Caroline Dyer, Drake Fenn, Jose Rodriguez, Farhad Sabouri, Lisa Wiseman, Ezequiel Aguilar, Maria Alvarez, Wilma Baltar, John Barnes, April Becerril, Jason Burkhart, Barbara Cadman, Elizabeth Castillo, Carlos Castro Sr, Bernardina Cerezo, Kraig Constantino, Javad Darian, Sarah Debrezion, Tim Denner, Shirley Fuller, Efren Galaviz-Partida, Eliazar Gonzalez, Gustavo Gonzalez, Jatindera Grewal, Kathryn Groth, Michael Herkenrath, Tongwen Huang, Socorro Huichapan, Ngoc Truc Huynh, Glen Jones, Lucy Kasparian, Fongling King, David Lee, Igor Likhatchev, Edward Lujan, Chris Luu, Josephine Mamaril, John Manibusan, Ricardo Martinez, Travis Masterbone, Lino Matos, Robert Matusich, Michael McCarthy, Jorge Moreno, Sahibzad Musafar, Hong Nguyen, Mellissa Nguyen, Eneyda Ortega, Gurinderjit Padda, Martin Padilla, Ezequiel Pando, Rachel Pavlicevich, Brian Pham, Suong Phung, Al Rambod, Ronald Reynolds, Mainor Ruano, Sheryl Ruth, Victor San Vicente, Jennifer Saulala, Ankit Shah, Conrad Solanzo, John Sparry, Kumar Tallam, Stephen Theard, Gabriela Thompson, Vinson Trac, Maria Vicencio, Manuel Villapando, Lungwen Wang, Margarita West, Tanya Williams, Sheryl Wisler, Linda Wolf, Amos Wright, Hamid Zahir

Learn more about Major Donor Levels

Oppose AB 71: Tell Legislators “Don’t Eliminate Mortgage Interest Deduction on Second Homes”

 


UPDATE 6/2/2017: ASSEMBLY DOES NOT APPROVE AB 71 DUE TO REALTOR OPPOSITION! 

This is a brief update on AB 71 (Chiu), a bill C.A.R. has been OPPOSING that eliminates the mortgage interest deduction on second homes. C.A.R. opposes any attempt to limit or alter the mortgage interest deduction.

In advance of a possible floor vote in the Assembly, C.A.R. issued a series of Red Alerts, asking REALTORS® in targeted legislative districts to call their Assembly Member to urge them to vote “NO” on the bill. Others were asked to help spread the word on social media. And Key Contacts – our first-line volunteers who work day-in, day-out with legislators with whom them have a personal relationship – worked to educate the legislators and their staff about the MID and the need to preserve it.

It worked! In just two days, over 1,600 calls were placed, over 400 Tweets were posted using our hashtag #NoAB71, and countless others posted on Facebook. And, in many cases, Key Contacts were able to confirm their legislator’s opposition to the bill.

AB 71 has been eligible to be voted on by the entire Assembly since Wednesday and last night the Assembly adjourned until next week without taking action on the bill, presumably because the bill did not have the support necessary to pass it. This is thanks almost entirely to all of the REALTORS®– the only large political organization opposing AB 71 — who called their legislators and still more, including local association staff, who helped spread the word.

Because AB 71 has an “urgency” clause, it can still be voted on any time before the end of session in early September. And we will be asking some of you to reinforce your legislator’s opposition to the bill by sending emails or posting to social media. Be looking for that Red Alert early next week.

Thank you to everyone who took action on this bill so quickly. It really does take an army – a REALTOR® army!

For more information:

Contact DeAnn Kerr deannk@car.org or Rian Barrett rianb@car.org

(The Original blog post is below)


SCCAOR and C.A.R. are OPPOSING UNLESS AMENDED AB 71 (Chiu), a bill that would eliminate the mortgage interest deduction for second homes to fund an increase in low-income housing tax credits. While C.A.R. supports increasing the amount of tax credits available for low-income housing, the association is opposed to doing so at the expense of the mortgage interest deduction for second homes. AB 71 will be voted on by the entire Assembly as soon as  Wednesday, May 31st.

Action Items

  1. Urge your Assembly Member to Vote NO on AB 71 by calling 1-800-798-6593. Then enter your NRDS ID (or the Red Alert PIN number in the chart below) followed by the # sign to be connected to your legislator’s office.
  2. When staff answers the phone, you can use the following script:  “Hi, this is <insert your name>. I’m a constituent and a REALTOR®. Please ask the Assembly Member to Vote No on AB 71.
  3. Use Twitter to tweet the following with the appropriate legislators twitter name inserted from below: Govt shouldn’t change the rules. <insert handle>, please protect the MID.  #NoAB71
Assembly Member PIN Number Twitter Handle
Kansen Chu 3505 @kansenchu
Ash Kalra 2857 @Ash_Kalra
Evan Low 1152 @Evan_Low
Anna Caballero 2163 @AMCab2

 

Background and Talking Points

  • C.A.R. supports increasing the amount of tax credits available for low-income housing, we are opposed to doing so at the expense of the mortgage interest deduction for second homes.
  • AB 71 (Chiu) would eliminate the mortgage interest deduction (MID) for second homes to fund an increase in low-income housing tax credits. If the MID were eliminated for second homes, 2,152 home sales would be lost in the first year after implementation. The potential impact of the MID elimination is an economic loss of $180.2 million to the state of California in the year following the implementation.
  •  C.A.R. opposes changing the mortgage interest deduction because:
    • The state shouldn’t change the rules after the fact. People made significant financial decisions, trusting that the mortgage interest deduction would be there to make the property affordable The MID is already capped. The amount of the mortgage interest deduction is already capped regardless of whether the taxpayer has one home or two homes.  It’s not right for government to dictate to homeowners how they can allocate their housing dollars
    • Second homes are not necessarily “vacation homes.”  Someone faced with a one-way commute of an hour or more may choose to purchase a small condo near where they work in which to live during the workweek.
    • Local economies and communities will suffer. The economic health of the recreational areas of the state will be harmed by the elimination of the mortgage interest deduction on second homes. Homeowners in those areas of the state are going to be hard pressed to find a buyer if the mortgage interest deduction on second homes is eliminated.
    • Using the MID as a piggybank sets a dangerous precedent.

To learn more about this issue, visit www.SaveYourMID.org.  You can also contact DeAnn Kerr (deannk@car.org) or Rian Barrett (rianb@car.org) with any questions.