https://www.mercurynews.com/2020/11/12/california-voters-approve-prop-19-changing-property-tax-breaks/

California voters have narrowly passed Prop 19, a measure expanding property tax breaks for older homeowners, closing tax loopholes on inherited properties and creating a new firefighting fund.

Supporters say the law will encourage empty-nesters to downsize, bringing homes to the market and easing the supply shortage in places like the Bay Area. The measure is similar to an ambitious expansion of Prop 13 brought by California Realtors that was broadly rejected by voters in 2018.