A new measure to split-roll Prop 13 is set to appear on the November 2020 ballot. If passed, the measure would remove some of the tax protections and limitations for commercial and industrial property owners. The intention behind the measure is to increase tax funds for in-need services.
"The movement is driven by the notion that Prop 13 reform will result in a more equitable tax structure for businesses and raise revenue for education and state services," Michael Diaz, managing director and western regional leader of property tax services at Newmark Knight Frank, tells GlobeSt.com. "Teacher and various labor unions are supporters of the proposed reform."
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