Transcription of WhAT PROPOSITION 13 DID - CalTax
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WhAT PROPOSITION 13 DID - CalTax
what PROPOSITION 13 Did POLICY BRIEF | JANUARY 2013. P. roposition 13, the People's Initiative to Limit property Taxation, has been law in California for more than three decades, meaning most KEY FACTS About PROPOSITION 13 people alive today either were not around when it was approved by voters in 1978, or were not Provides Certainty. Removed much of the old enough to have owned property . Since they fluctuation of property tax revenue, creating never experienced the changes it made, they may not fully comprehend how PROPOSITION 13 affected a more stable revenue source for local property taxes, and where those taxes would be government by using an acquisition-based without it.
WhAT PROPOSITION 13 DID equivalent tax. But in return for these tax disparities, the state’s property owners are granted the comfort of certainty, a key element in sound tax policy.
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