Valley News -

By Assemblymember Marie Waldron
Special to Valley News 

Split Roll?

 

Last updated 1/17/2019 at 10:08pm



As most people know, Proposition 13 limits annual property tax increases to a maximum of 2 percent each year and continues to save California homeowners money ever since it was overwhelmingly passed by voters in 1978.

Unfortunately, proposals to weaken Proposition 13 protections are on the table this year. Under the “split roll” proposal, Proposition 13 would remain in place for homeowners but would be eliminated for many commercial properties, allowing their property taxes to increase beyond the 2 percent cap annually based on inflating market values.

In reality, it won’t be just b...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018

Rendered 02/17/2019 12:47