The below article is from the California Business Properties Association. Established in 1972,
CBPA proudly serves as the legislative and regulatory advocate for property owners, tenants,
developers, retailers, contractors, land use attorneys, brokers, and other professionals in the
industry by representing their interests at the State Capitol and in Washington, D.C. For more information, visit www.cbpa.com .
Rex S. Hime, President & CEO of California Business Properties Association, has penned the
following op/ed regarding the ongoing battle to Protect Proposition 13. You are highly
encouraged to share this article with all of your friends and even every politician you can reach.
Proposition 13 has been protecting taxpayers in California since 1978. This measure created by
Howard Jarvis is one of the only protections that you have against unimpeded increases in your
property taxes – and it is under serious threat.
One of the ONLY protections property owners in this state has is under serious threat and one can only imagine the cost to long time property owners! Dismantling Prop. 13 will result in an $11 billion tax increase on California’s property owners and employers. Californians are some of the most heavily tax-burdened in the country. Now, special interests want to raise taxes by another $11 billion in budget reserves. split roll property tax increase isn’t needed and will just make it more difficult to do business in California.
For years, public employee unions and far-left wing advocacy groups have wanted to dismantle
Proposition 13 in hopes of increasing your taxes to increase revenue for their members and pet
spending projects. Those groups have gathered enough signatures to place a measure on the
ballot in November 2020.
One of the ONLY protections property owners in this state has is under serious threat and for
thirty years – and now – I remain one of the primary people standing to fight back against this
outrageous tax increase.
Under the 2020 proposal, Prop. 13 will be undone by mandating that all non-residential
properties be reassessed to 2020 values and be reassessed every three years thereafter.
Commercial property will lose certainty about future tax liabilities and one can only imagine the
impact and cost to long time property owners that will see massive adjustments.
The proponents of this effort have stated that dismantling Prop. 13 will result in an $11 billion
tax increase on California’s property owners and employers.
Aside from the direct impact on properties, the State’s own Legislative Analyst’s office has
warned that the proposal will introduce volatility into the state’s funding stream that puts
everything from school funding to support and health programs for the elderly at risk.
Property taxes have been a reliably predictable revenue source for the state since Prop. 13 passed
which allows for some predictability in budgeting and a reliable revenue stream. The greediness
of those that want to transfer property tax revenue to their own pockets threatens a system that
has worked for more than 40 years!
The campaign to stop this property tax increase will be very costly and will take the efforts of
many, but the costs of this tax are much greater. Split roll inflicts a moral wound on Prop 13
protections for all property owners and must be stopped!
[Editor’s Note: Please read the article on page _7__ and use the donation form following it
to send your support today!]