The old saying about judging people by the company they keep applies equally to ballot measures.That’s the initiative that would close a loophole allowing many commercial and industrial property owners to dodge reassessments under Proposition 13 for some four decades.
On the other side, with contributions of more than $30 million, are teacher unions and others who are eyeing the revenue gains of up to $12 billion a year estimated to flow from Proposition 15, of which 60% would go to schools, community colleges and local governments.to pass the measure, which they say would redress the “profound inequity” in the state’s funding of public services, especially those important to low-income communities.
Indeed, the annals of California taxation brim with cases in which the sale of a major property was hidden in an elaborate legalistic shell game.in 2006 by dividing ownership among himself, his wife and some partners. Because none of them acquired more than 50% of the total, state courts ruled that the changeover couldn’t trigger reassessment.
Golf and country clubs also benefit from the peculiarities of property taxes in California. The notorious club exemption provides a pass for “equity-membership organizations,” which are effectively owned by their members.Column: Four decades later, California experts find that Proposition 13 is a boon to the rich
; a wholesale ownership change of more than 50% at one fell swoop would be necessary to trigger a reassessment. Golf and country clubs have contributed about $300,000 to defeat Proposition 15.
NO on Prop 15: maintain Prop 13 protections that have kept property taxes affordable and provided every taxpayer who buys a home, farm or biz property certainty they can afford their property taxes. Now is not the time to raise taxes for Californians
NO On PROP 15. It will: destroy 13’s homeowner property tax protection; raise taxes on biz property, leading to higher rents for small biz; income inequality will worsen by driving up COL for food, utilities, retail, daycare and healthcare. NoOnProp15
This article is all over the place. No clarity on “if you vote YES on Prop 15, this will occur”—“if you vote NO on Prop 15, this will occur” The middle class is barley keeping it together in CA with the high cost of living. CA homeowners need to be taxed less, not more. Period.
I'm not either of those things and I oppose it. It's just complexity layered on complexity. If we want to get rid of Prop 13, and I happen to think that would help address our housing crisis, then we should just do so.
I get so tired Of being lied to my face By the rich Who listens to them lie? No wonder this country is screwed
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