Prop 15, aimed at raising taxes on commercial properties, is dead

Proposition 15, the statewide ballot initiative that would have raised taxes on large commercial property owners, has been defeated. Unofficial results from election night showed voters had rejected the measure. A week into counting, there are likely not enough ballots remaining to change that outcome, the Los Angeles Times reported, citing the Associated Press’ tally. [...]

By |2020-11-16T18:01:03+00:00November 16th, 2020|.|Comments Off on Prop 15, aimed at raising taxes on commercial properties, is dead

California Property Tax, Rent Control Ballot Measures Now Have Names and Numbers

California election officials assigned numbers to a dozen statewide initiatives on the November ballot, including the high-profile property tax and rent control measures that are vehemently opposed by the commercial real estate industry and other business groups. Secretary of State Alex Padilla this week presented the newly numbered rent control and split-roll property tax [...]

By |2020-07-09T22:34:26+00:00July 9th, 2020|.|Comments Off on California Property Tax, Rent Control Ballot Measures Now Have Names and Numbers

‘Split-Roll’ Advocates Put Prop 13 Revision Measure on California’s November Ballot

Some of California's commercial property owners could face a fundamental change to their property bills if voters approve a new measure to revise one of the state's most contentious pieces of legislation. Advocates seeking to reform the most populous U.S. state's landmark property tax law known as Proposition 13, which allows properties to be reassessed [...]

By |2020-05-21T22:56:09+00:00April 6th, 2020|.|Comments Off on ‘Split-Roll’ Advocates Put Prop 13 Revision Measure on California’s November Ballot

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 [...]

By |2020-05-21T22:57:19+00:00March 14th, 2019|.|Comments Off on Changes to Proposition 13 Could Cause Commercial Property Owner Taxes to Increase by $12 Billion