News: split roll

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Preliminary paperwork was filed today for a proposed ballot initiative that takes aim at Proposition 13 and seeks a split roll, the Los Angeles Times reported.

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A union-led push to change Proposition 13 through the ballot box is in for a fight from the business community. On Thursday morning, a group called Make It Fair launched a campaign to put changes to Prop. 13 before voters in 2016, the Sacramento Bee reported. Resistance, however, is already mounting against any push for a split roll or stripping away of tax protections. “California’s small businesses struggle every day to overcome our state’s massive tax burden and keep their doors open,” Rex Hime, president of the California Business Properties Association, said in this Bee article. “By continuing to raise… Read More

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In a column, California Assemblyman and gubernatorial candidate Tim Donnelly says threats to Proposition 13 — particularly a split roll tax — would eventually cause rent hikes and hurt tenants. “There are no “free lunches,” Donnelly writes in his column. “Someone has to pay. The politicians believe they are sticking it to the income property investors – and this may be true for a year or two, but, eventually all costs get passed on to the tenant.”

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While the California Apartment Association helped prevent any split roll legislation from becoming law this year, threats to Proposition 13 are manifesting themselves beyond the Capitol. Groups including ReFund LA Coalition and California Calls, both with strong union ties, are working to undermine Prop. 13, which limits property tax increases by basing them on the initial assessed value. A split roll would allow counties to reassess rental and commercial property annually based on current market value, potentially costing California rental housing providers billions of dollars in new taxes. In 2009, CAA created Rental Housing Against Higher Taxes to battle split… Read More

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A statewide coalition will work to educate California opinion leaders and the public about the devastating impacts of increasing property taxes, the group announced today. The coalition, Californians to Stop Higher Property Taxes, will inform lawmakers and the public about the importance of Proposition 13’s protections for California families and small businesses. The California Apartment Association is a member of the coalition. To that end, the group, including organizations that represent businesses and taxpayers, will provide studies, analyses and other information. A key goal is to raise awareness about how proposals for higher property taxes, including “split roll” and parcel… Read More

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