Thomas D. Elias
California Focus

Opinion
January 22, 2013
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Picking the smart fight on property taxes

From the moment it became clear last fall that Democrats won supermajorities of slightly more than two-thirds in both houses of the California Legislature, Proposition 13 has been in the political crosshairs. That’s a sea change for the landmark 1978 initiative that limits property taxes to 1 percent of the 1975 assessed value or 1 percent of the latest sales price, allowing yearly increases of no more than 2 percent to adjust for inflation. No one has seriously proposed going back to the pre-13 system of taxing properties based on their current market value, which often saw levies double or …

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The Union Updated Jan 28, 2013 03:22PM Published Jan 22, 2013 01:52AM Copyright 2013 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.