Take a look at some of this election’s ballot measures

0
131
Californians will vote on a dozen statewide ballot measures this fall. Here’s a quick look at some of the most contentious measures. Proposition 15 This proposition would increase funding for K-12 schools, community colleges and local governments by reassessing and taxing commercial and industrial property at current market value every three years. It exempts residential and agricultural properties, as well as owners of commercial and industrial properties with combined value under $3 million. The tax increase for some owners will begin in 2022, with the property of smaller businesses to be reassessed beginning in 2025. While Proposition 15 has been characterized by some as rescinding 1978’s Proposition 13, that is not entirely true as homeowners and most smaller property owners
Subscribe or log in to read the rest of this content.