Transcription of Split Roll Factsheet - CalTax
{{id}} {{{paragraph}}}
Example: confidence
Split Roll Factsheet - CalTax
CALIFORNIA TAXPAYERS ASSOCIATION1215 K Street, Suite 1250 Sacramento, CA 95814 (916) 441-0490 roll property TAXPOLICY BRIEF | FEBRUARY 2013 The idea of a Split roll property tax has been fully vetted and consistently rejected since the passage of Proposition 13 in 1978. While some believe that a Split roll would bring in additional revenue, it would stifl e the state s economic growth in the long term. From what is known about the economic impacts of Split roll , it remains an ill-advised Is a Split roll ? California s system of property taxation under Proposition 13 uses an acquisition-value standard: county assessors determine a property s value when it goes through a change in ownership or undergoes new construction, and tax is assessed at 1 percent of this value, plus a rate for voter-approved indebtedness. Thereafter, the taxable, or assessed, value of property may increase annually by the lesser of the rate of infl ation or 2 a Split roll , not all properties on the assessment roll are treated equally.
SPLIT ROLL PROPERTY TAX 3 this infi rmity. Voters should be aware that a split roll tax may increase tax burdens on their dwelling units. Hurts Many Businesses.
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
For commercial property, COMMERCIAL, Commercial Contract - Improved Property, Sales and Use Tax on, Sales and Use Tax on Commercial Real Property, Commercial Property Owner’s Guide, Commercial Property Management Agreement, Property Managers’ Errors & Omissions and Commercial, Property Managers’ Errors & Omissions and Commercial Crime Application, COMMERCIAL APPRAISAL DESK REVIEW PROPERTY, Property, COMMERCIAL SALE AGREEMENT