There's some movement towards modification of Prop 13 [1]. As I understand it, the proposal would lift Prop 13 on commercial properties only. Residential proper

There's some movement towards modification of Prop 13 [1]. As I understand it, the proposal would lift Prop 13 on commercial properties only. Residential properties would continue as now. It's claimed this would bring in an additional $11B+ in tax revenue. On a brief search, I didn't find an estimate for revenue increase if Prop 13 were abolished. I'd guess it would be at least as much as the proposed commercial-specific mod. My Prop 13 anecdote: a neighbor who bought a 3BR house on 0.8 acre in the 1950s pays less in annual property taxes than I do on one month's utility bills. I'm fine with that, she's pushing 100 and probably wouldn't be able to stay home without Prop 13. Meantime, a 1940s 3BR house on a 0.35 acre lot right across the street from her sold for $2.9 million last December. Anecdotal, but suggests the potential magnitude of tax revenue change if Prop 13 were entirely removed. [1] http://nymag.com/intelligencer/2018/08/california-to-vote-on-partial-repeal-of-sweeping-tax-law.html http://nymag.com/intelligencer/2018/08/california-to-vote-on...