Proposition 5 would amend the controversial 1978 law known as Proposition 13, which freezes property tax rates as homes appreciate over time. The new proposition would allow homebuyers who are over 55 or severely disabled to transfer their tax assessments when they move homes — that means, instead of paying the higher tax rate that often comes with a new purchase, they’d keep paying taxes at the rate that was set when they purchased their last home. As long as the new home is of equal or less