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Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in the ...
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 ...
One of the world's largest investment firms The Blackstone Group, [11] for example, avoided paying $2.7 million in property taxes when they purchased 49% ownership of a San Francisco property in 2017. [12]
When the Supreme Court takes up an important environmental appeal Wednesday from the City of San Francisco, the justices will be asked to settle a dispute that at least some city leaders are ...
Proposition A would authorize the San Francisco Unified School District to assess a special property tax to pay for maintenance, repair, and seismic retrofitting of public school buildings and child care center buildings. This proposition requires a two-thirds majority to pass.
Some residents worry that San Francisco is entering a “doom loop” in which commercial real estate will collapse, municipal tax revenues will vanish and city services will be drastically cut back.
San Francisco's property owners are already overburdened with “legal, administrative, practical and economic impediments to renting,” the suit claims, naming rent-control laws, property ...
The California State Board of Equalization (BOE) is a public agency charged with tax administration and fee collection in the state of California in the United States.The authorities of the Board attempt to ensure that counties fairly assess property taxes, collect excises taxes on alcoholic beverages, administer the insurance tax program, and other tax collection related activities.
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