SACRAMENTO-There is a growing movement among some Sacramento legislators to raise new revenues by increasing the property taxes on commercial real estate owners. This is the Split Roll Tax. Split roll is the term for any attempt to pull commercial real estate out from under the protections of Proposition 13. If enacted, this aggressive tax increase would have a devastating impact on California's economy.
According to a recent Pepperdine University study, a split roll tax would increase property taxes on businesses by an estimated $6 billion annually. NAIOP SoCal, as part of its commitment to be the voice of commercial real estate development in Southern California, has made this issue a legislative action priority due to its potentially devastating consequences for the commercial real estate industry and our local economy.
Kevin Ivey, KPRS Construction Services and NAIOP SoCal Legislative Affairs Committee Chair, talked more with GlobeSt.com on the tax, it's immediate threat, and where to go from here.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
