Commercial vs. Residential Property Taxes Under Prop 13
There are some MAJOR misconceptions about the effect of Proposition 13 on commercial property taxes. Below are some revealing facts, exposing several liberal canards in this area. And these facts are provided by the California State Legislative Analyst’s Office — an unimpeachable source.
But first, some background:
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Perhaps the most important proposition on the November ballot will be the Left’s strongest attempt yet to gut Prop 13. They will employ a “divide and conquer” strategy. Prop 13 has withstood attacks because of an uneasy alliance between the business and homeowner constituencies. If the progressives can break this alliance, Prop 13 will go down in flames.
The first phase is to get everyone mad at evil businesses (aren’t ALL businesses evil?). The Big Government advocates will dwell on a couple unfair strategies used to avoid commercial property reassessment — a strategy that is used in a tiny fraction of commercial real estate transactions. But rather that fix this “loophole,” the November… Read More