Property Management – Woodland Hills & West Hills – Need to Know
Carnahan Property Management in Woodland Hills & West Hills
End of California’s sacred cow, Proposition 13?
Something about California’s Proposition 13 tends to inspire colorful analogies. It’s either a sacred cow or the third rail of California politics, depending on the source.
- Brother, can you spare a metaphor? How about for Proposition 13? Something about the state of California’s venerable 1978 tax measure tends to inspire colorful analogies. It’s either a sacred cow or the third rail of California politics, depending on the source.
Most polls show overwhelming popular support for the law, which prevents the state and local governments from raising property taxes without a two-thirds majority vote.
There are signs, however, that point to the law’s gradual demise.
Over the weekend, Democrats gathered at the party’s annual convention and passed a resolution urging changes to the 35-year-old tax law. And they could, since California Democrats now hold a two-thirds majority in both houses of the legislature.
Two bills working their way through the legislature could chip away at some of Proposition 13’s key features. As we reported earlier Monday, an Assembly committee is considering legislation this week that would raise billions in commercial property taxes.
And the Senate is considering a constitutional amendment that would lower the votes needed for parcel tax increases from two-thirds to 55 percent.
