By Alex Tavlian
December 10, 2019
A push to maintain California’s landmark property tax law – Proposition 13 – got underway on Tuesday with a splash in the south Valley.
The Fight for Prop. 13, a campaign being waged by the California Business Roundtable and backed by a wide swath of local elected officials and organizations, hand-delivered thousands of petitions to southern San Joaquin Valley legislators.
Prop. 13, approved in 1978, capped property taxes at 1 percent of the cash value of an individual property with increases to property valuations limited to 2 percent annually.
It has often been the subject of ire from California Democrats looking to repeal it in one fashion or another to boost tax revenues.
Currently, a proposal to enact a split-roll property tax, whereby the caps on business property taxes would be repealed, is targeted for the November 2020 ballot.
Read more at the The Sun.