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"This constitutional amendment would provide financial relief to seniors by exempting those aged 60 and older from paying property taxes on their primary residence to prevent displacement due to rising housing costs across the state."
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Proponent Rishi Kumar, a former mayor of Saratoga and a recurring candidate for state and federal office, frames the measure as essential to keeping long-term residents in their homes as property values in many California counties have doubled or tripled over the past two decades.