Schools and Communities First has qualified an initiative for the Nov. 2020 ballot that would lift Prop 13 caps on property taxes for commercial and industrial propertieS
Joey Williams spoke at the Orange Grove Friends Meeting House on Sunday November 10, 2018. Speaking on behalf of PICO California, part of the Faith In Action Network, he described the process of gathering and submitting over 870,000 signatures to the 58 County Registrars to qualify the California Schools and Local Communities Funding Act for the November 2020 ballot. This will be the first commercial property tax reform initiative to qualify for the ballot in 40 years since Proposition 13 passed in 1978.
This initiative is also supported by League of Women Voters of California, California Calls, Advancement Project California, Evolve California, Common Sense Kids Action, Alliance San Diego, the Coalition for Humane Immigrant Rights of California (CHIRLA), ACLU SoCal, and the California Federation of Teachers.
Schools and Communities First, a coalition of nearly 300 groups and leaders, has qualified an initiative for the Nov. 2020 ballot that would lift Prop 13 caps on property taxes for commercial and industrial properties. (Proposition 13 limits property taxes for both homes and businesses to 1% of the property’s taxable value and prohibits the taxes from going up more than 2% per year until the property is sold.)
The initiative would create a “split roll” system, leaving in place the caps on home property taxes while removing the protections for commercial and business properties. Commercial and business properties could be taxed at fair market value.