California Seniors Could Be Exempt From Property Taxes? Here’s What We Know.

Could California homeowners over 60 really stop paying property taxes on their primary residence?

A new 2026 ballot initiative is proposing exactly that — and if it qualifies and passes, it would mark the most significant property tax shift since Proposition 13. The measure would exempt eligible seniors from base property taxes on their primary home, potentially reshaping retirement decisions, housing inventory, and local government funding across the state.

For South Bay communities like Palos Verdes, Manhattan Beach, and Redondo Beach — where many longtime owners are equity-rich but income-conscious — the implications could be substantial.

This isn’t law yet. But it’s one of the most important proposals California homeowners should be watching right now.