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In the year after Proposition 13 was passed, property tax revenue to local governments declined by roughly 60% statewide. [26] However, by 2003, the inflation-adjusted property tax collected by local governments exceeded the pre-1978 levels, and has continued to increase. [27]
The California Association of Realtors previously sponsored and financed an initiative measure known as 2018 California Proposition 5 on the November 2018 ballot that would have further expanded Proposition 13 property tax breaks for certain homeowners (primarily homeowners over age 55) by allowing them to transfer their lower property tax base ...
Following the decision in California Cannabis Coalition, to the extent a local tax increase initiative evades the constitutional two-thirds voter approval requirement for special taxes under Proposition 13 and/or Proposition 218, as a legislative remedy that tax may be reduced or repealed by the local electorate using the local initiative power ...
The California Supreme Court on Thursday took the rare step of removing a measure from the November ballot that would have made it harder to raise taxes, siding with Gov. Gavin Newsom by ruling ...
The property tax increase began in 2023 and ends in 2027. Unlike the property tax increase, the proposed sales tax increase can be spent only on capital projects such as buildings, new schools and ...
The Community Climate Action grant program is funded with a quarter-cent property tax rate. The goal is to help reduce greenhouse gas emissions by 26% by 2025 and transition the county to a 100% ...
Most city and county bonds require voter approval in California, needing the support of at least two-thirds of voters to pass. [3] This requirement was put in place by Proposition 13 which was passed in 1978 and reduced property taxes. [4] In 2000, Proposition 39 reduced the supermajority to 55% to approve taxes for local school bonds. [4]
This led to a 60% decrease in property tax revenue collected by local governments the year after Proposition 13 was passed, [6] and forced local authorities in California to subsequently rely on sales taxes, which are more regressive, [7] as well as on state government funding originating from California's personal income tax, which is more ...