Changes to Proposition 13 Could Cause Commercial Property Owner Taxes to Increase by $12 Billion

California’s landmark property tax law may be facing a change. An effort to repeal protections of the property tax-cutting measure known as Proposition 13 for commercial real estate has qualified for the state’s 2020 ballot. [1] The measure qualified for the ballot in October after proponents collected more than the 644,000 signatures required by [...]