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Proposition 13 alters the balance of the housing market because it provides disincentives for selling property, in favor of remaining at the current property and modifying or transferring to family members to avoid a new, higher property tax assessment. [45] [46] Proposition 13 reduces property tax revenue for municipalities in California.
1978 California Proposition 13, People's Initiative to Limit Property Taxation 2010 California Proposition 13 , Seismic Retrofitting 2020 California Proposition 13 , Public Preschool, K-12, and College Health and Safety Bond Act
The board made some updates to its position on the landmark proposition last year. Fact check: Is Proposition 13 under attack? SLO County supervisors disagree on changes
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California's property tax law means radically different taxes are paid on similar homes. There are better ways to achieve Prop. 13's protections for low-income and older homeowners.
California Proposition 13 (1978) amended the California Constitution to limit aggregate property taxes to 1% of the "full cash value of such property." It also limited the increase in assessed value of real property to an inflation factor that was limited to 2% per year.
The filing fee for submitting a proposition to the ballot has been raised by a factor of 10, from $200 to $2,000, following the signing of a law in September 2015. Originally lawmakers wanted to raise the fee to $8,000 but compromised on $2,000. The fee is refunded if the proposition makes it to the ballot.
Then-Gov. Jerry Brown Jr., left, and anti-tax crusader Howard Jarvis, after the passage of Proposition 13 in 1978. Anti-tax forces haven't stopped trying to sabotage public services ever since ...