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Proposition 8 allowed for a reassessment of real property values in a declining market. For this purpose it amended Article 13A of the state constitution, which had been added by Proposition 13. Today a reassessment based on a decline in market value is called a "Proposition 8" reassessment. [citation needed]
Reductions of property valuation were not provided for by Proposition 13 itself, but were made possible by the passage of Proposition 8 (Senate Constitutional Amendment No. 67) during 1978 that amended Proposition 13. Such a real estate slump and downward reassessments occurred during 2009 when the California State Board of Equalization ...
Proposition 8, known informally as Prop 8, was a California ballot proposition and a state constitutional amendment intended to ban same-sex marriage; it passed in the November 2008 California state elections and was later overturned in court.
2018 California Proposition 8, to authorize state regulation of kidney dialysis clinics; 1982 California Proposition 8, which provided additional rights to crime victims; 1978 California Proposition 8, relating to the reassessment of property during a decline in value; 1911 California Proposition 8, which introduced the recall of public officials
Sometimes a real estate developer is the only "voter" in such property owner elections that approve a Mello-Roos tax. Once approved, a Mello-Roos Community Facilities District is formed. Once formed, a special tax (which is different from regular property tax) is imposed on all property within the community facilities district.
Real-estate industry rocked by $1.8 billion verdict finding ‘conspiracy’ to force sellers to pay illegal commission fees. Alena Botros, Sydney Lake. October 31, 2023 at 8:16 PM.
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The Case Against 8 is an American documentary film, which premiered at the 2014 Sundance Film Festival on January 18, 2014. Directed and produced by Ben Cotner and Ryan White, the film documents the legal battle to overturn California's Proposition 8, [1] focusing in particular on behind-the-scenes footage of David Boies and Theodore Olson during the Perry v.