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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.
Proposition 215 (1996) Passed: Legalizing medical marijuana under California law. Proposition 218 (1996) Passed: Right to vote on local taxes; assessment and property-related fee reforms; initiative power expansion in regard to local revenue reduction or repeal. Constitutional follow-up to Proposition 13 (1978). Proposition 22 (2000)
1 – Failed – State School Building Aid Bond Law of 1978. 2 – Passed – Clean Water and Water Conservation Bond Law of 1978. 3 – Failed – Taxation Exemption – Alternative Energy Systems. 4 – Passed – City Charters – Boards of Education. 5 – Passed – Administrative Agencies. 6 – Passed – Sheriffs.
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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
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; 1978 California Proposition 7; 1978 California Proposition 8; A. Amador Valley Joint Union High School District v. State Board of ...
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? The Dow closed at 866.51. Today, the Dow is trading at 24,799.98 and the S&P 500 ...