After the defeat of 2018's Proposition 5, the California Association of Realtors sponsored another measure similar to their prior initiative, the failed 2018 Proposition 5. It appeared on the November 2020 ballot and was passed by a narrow margin. This measure provides reassessment exemptions to all homeowners over the age of 55 moving within the state, for a total of three lifetime moves. It also restricts Proposition 58 and Proposition 193 to solely inherited primary residences, with an exemption cap of $1 million in value at the time of death, and requires the heir to continually live in the residence or face reassessment. Unlike the $1 million exemption in Propositions 58 and 193 that is based on assessed value of a property, the $1 million exemption for primary residence reassessment is instead based on market value. Any value beyond $1 million is reassessed at full market rate. Since this amount is not indexed to inflation, its relative value would decline over time. The entire taxable value of inherited primary residences would furthermore have no 2% cap on assessment growth and instead is subject to increases in taxable value at market rate.