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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.
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Ohio Auditor Keith Faber failed to mention that property owners can challenge new valuations, but they can't challenge the taxes levied on that value. You can challenge property values, but not taxes.
On June 18, 1992, the court held that Proposition 13's acquisition-value assessment scheme does not violate the federal Equal Protection Clause. [12] When the court agreed to hear the Nordlinger case, Fox said the case was "life or death for Proposition 13." Fox also said: We will prove once and for all time that Proposition 13 is constitutional.
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.
Proponents accredit much of Colorado's economic prosperity in the period immediately following adoption of the law to the limit and its effect on government spending and taxes. [ 5 ] [ 6 ] When Colorado voters passed the law that legalized marijuana , the voters approved using tax money generated from marijuana sales for schools, police, and ...
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.
The proposition adjusted the property tax rate, pegging it at 1% of the purchase price of the property. This proposal was popular, largely due to the high inflation and associated rises in property taxes through the 1970s. Jarvis and his wife collected tens of thousands of signatures to enable Prop. 13 to appear on a statewide ballot, for which ...