Tag: Proposition 13

Property Tax 101:Understanding Prop. 13 and Property Tax Administration

Staff

News from CA State Controller Betty T. Yee Sacramento, CA: In California, property taxes are the main revenue source for local governments. With assessed values in excess of $6.1 trillion, revenue from property tax was nearly $66.5 billion for Fiscal Year 2017-18. The revenue was used to fund schools, law enforcement, parks, and other public […]Read More

California: Split Roll Measure Heading to 2020 Ballot

Staff

News from ICSC: Sacramento, CA: The controversial “Proposition 13” split roll property tax measure is edging closer to being on the 2020 ballot. In August proponents of the measure submitted over 850,000 signatures to the California Secretary of State’s office. The office must validate at least 585,407 of the signatures in order for the measure […]Read More