Tag Archives: Tax Reform

Watered Down Bill to “Reform” Corporate Property Tax Loophole Dies in Committee

One of the several unintended consequences of Prop 13, the 1978 initiative that froze homeowner and commercial property tax rates, was creating a property tax system riddled with loopholes that give commercial property owners the ability to avoid paying billions in tax dollars for schools, libraries and critical neighborhood services.  Specifically, the “change of ownership”…

Revisiting Commercial Property Tax Reform

With the new revenue generated from the passage of Prop 30 in 2012, California avoided deep cuts in education and human services, and actually began restoring some funding for the first time in many years.  However a tremendous need continues for additional revenues to reverse the several years of devastating budget cuts and achieve adequate…

Did Homeowners Get a Raw Deal from Prop 13?

While much has been written about Prop 13, the 1978 ballot initiative that locked property tax rates and ham-stringed legislators from raising revenue, the focus has largely been on the benefits to long-time homeowners who saw immediate relief in their property taxes. Very little analysis has been generated on the biggest beneficiaries of Prop 13…