Schools and local governments could eventually lose up to $1 billion annually if a proposition to provide qualified homeowners a major tax break is approved. Proposition 5, which will be on the November 2018 statewide ballot, would allow property tax savings for homeowners over 55 years old, homeowners with disabilities and homeowners affected by natural disasters across California. Read more...

Photo: Homeowners over 55 years old, homeowners affected by natural disasters and homeowners with disabilities in Westwood and across California would save on property taxes if Proposition 5 passes. (Amy Dixon/Photo editor)