All real property not already assessed up to the tax levels may be reassessed to reflect that valuation. From and after the effective date of this article, any changes in State taxes enacted for the purpose of increasing revenues collected pursuant thereto whether by increased rates or changes in methods of computation must be imposed by an Act passed by not less than two-thirds of all members elected to each of the two houses of the Legislature, except that no new ad valorem taxes on real property, or sales or transaction taxes on the sales of real property may be imposed.
Cities, Counties and special districts, by a two-thirds vote of the qualified electors of such district, may impose special taxes on such district, except ad valorem taxes on real property or a transaction tax or sales tax on the sale of real property within such City, County or special district. This article shall take effect for the tax year beginning on July 1 following the passage of this Amendment, except Section 3 which shall become effective upon the passage of this article.
If any section, part, clause, or phrase hereof is for any reason held to be invalid or unconstitutional, the remaining sections shall not be affected but will remain in full force and effect. Proposition 13 was the beginning of a period in state politics often referred to as the tax revolt. In California , the number of signatures required for an initiated constitutional amendment is equal to 8 percent of the votes cast in the preceding gubernatorial election.
To get an initiated constitutional amendment on the ballot in , proponents needed to collect , valid signatures. What's on my ballot? Elections in How to vote How to run for office Ballot measures. Who represents me? President U.
Ballotpedia features , encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Click here to contact our editorial staff, and click here to report an error. Click here to contact us for media inquiries, and please donate here to support our continued expansion. Share this page Follow Ballotpedia. What's on your ballot? Jump to: navigation , search. Section 1. Section 2. Section 3. California Government Code The information contained in this web site is for the current owner of record only.
Current owner history displayed is available for up to the most current three years only. If the ownership has changed during the past three years, the information displayed will only be for the most recently closed assessment roll. For more information on certificates of title or ownership you can visit their web site at: www.
Proposition 13 established the concepts of a base year value for property tax assessments, and limitations on the tax rate and assessment increase for real property. Passed by voters in June , Prop 13 is an amendment to the California Constitution.
Proposition 13 provides three very important functions in property tax assessments in California. Properties that have not sold or undergone new construction since February are said to have a base year value. When a change in ownership occurs, whether full or partial, real property is re-assessed at its current market value as of the date of transfer.
If only a partial change in ownership occurs, the original base year value is retained for the part of ownership that does not change, and a new base year value is created for only the part of ownership that has changed. When new construction occurs, it is re-assessed at current market value as of the date of completion. If construction is deemed new or substantially equivalent to new, the base year value for improvements is established entirely on the date of construction completion.
If construction is deemed an addition, the original base year value for improvements remains and a new base year value on the date of construction completion is added.
NBER periodicals and newsletters are not copyrighted and may be reproduced freely with appropriate attribution. More in this issue. The Digest: No. Share Twitter LinkedIn Email. As the authors suggest, whether the Proposition induced increases in continuity and stability have been worth the cost in lost tax revenue and the resulting redistribution from inland to coastal California communities remain subjects for further research -- Les Picker.
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Alan J.
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