
WHY HIGHER BUSINESS PROPERTY TAXES WOULD HURT HOMEOWNERS
Efforts to increase taxes on business property put homeowners in peril; here’s why.
Sacramento can never get enough tax money to satisfy the political class. Although California has the highest state sales tax, highest marginal income tax rates, and highest gas tax in all 50 states, we rank only 14th highest in per capital property taxes. The politicians, government employee unions, and the special interest pleaders see this as an area of potential revenue growth — higher taxes, that is.
Several years ago, Senate leader Darrell Steinberg outlined a plan to incrementally diminish taxpayer protections to allow for the ratcheting up of taxes. The first step was be to eliminate the two-thirds vote to pass a state budget – a law that dated back to 1933 – and then move on to targeting Proposition 13’s two-thirds vote requirement for increases in state taxes as well as for the passage of local per-parcel property taxes on homeowners. Steinberg’s step one was accomplished in 2010, with the passage of Proposition 25.
In addition to their efforts to destroy Proposition 13’s two-thirds vote protections for taxpayers, tax raisers have opened up a… Read More