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Prop 13 needs to exclude commercial real estate and/or have a reasonably low cap. These companies are avoiding so many millions of dollars in property taxes. It
by jrpt 3y ago
Prop 13 needs to exclude commercial real estate and/or have a reasonably low cap. These companies are avoiding so many millions of dollars in property taxes. It's not fair and punishes the younger generations (and those yet to be born).
- reducesuffering 3y agoYes, but California voters struck it down https://ballotpedia.org/California_Proposition_15,_Tax_on_Commercial_and_Industrial_Properties_for_Education_and_Local_Government_Funding_Initiative_(2020) https://ballotpedia.org/California_Proposition_15,_Tax_on_Co...