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 [...]
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 [...]
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 [...]
