With the complete collapse of the California Republican Party, the assault on property taxes has begun. If you have a home in California, you’re pretty much screwed.
Proponents of making a dramatic change to California’s landmark Proposition 13 property tax restrictions took their first step to getting a measure on the November 2018 statewide ballot.
The change would allow the state to charge higher property tax rates on commercial and industrial properties, an effort known as “split roll” because existing tax protections on homes would remain in place.
Advocates of the measure, including the League of Women Voters of California and community organizing nonprofits California Calls and PICO Network said the change could raise billions of dollars that could be spent on public schools and community colleges.
“I think the cumulative effects of the unfair tax system have gotten to the point where it’s created crippling economic impacts on the state,” said Melissa Breach, executive director of the League of Women Voters of California.
Backers filed their proposed initiative Friday. The attorney general’s office will prepare an official title and summary for the measure and it will receive a financial analysis. From there, advocates will decide if they will collect signatures to put the measure on the ballot.