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.

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.

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