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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.
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The board made some updates to its position on the landmark proposition last year. Fact check: Is Proposition 13 under attack? SLO County supervisors disagree on changes
New ways to fund local public improvements and services were considered and adopted by the California State Legislature. [2] A Mello-Roos tax is a parcel tax that circumvents Proposition 13 (which limits property taxes based on the assessed value of real property) because it is not levied on the assessed value of real property.
California’s Proposition 13 is a landmark law passed by voters in 1978 to limit how much property taxes can increase for homeowners and is one of the few taxpayer ... like cities or counties ...
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.
1978 California Proposition 13, People's Initiative to Limit Property Taxation 2010 California Proposition 13 , Seismic Retrofitting 2020 California Proposition 13 , Public Preschool, K-12, and College Health and Safety Bond Act