October 30, 2015 Comments Off on No Split Roll Tax Coming Up on Ballot Views: 888 Bay Area, California News

No Split Roll Tax Coming Up on Ballot

In what NAIOP SoCal is calling a “significant win for the commercial real estate industry,” a group has dropped efforts to add a split roll property tax initiative on next year’s ballot.

The California Business Properties Association (CBPA) says that it would have been a $9-billion tax increase imposed on California properties. However, the group pushing for the effort, California Calls, said it would try to have the tax added to a ballot at a later date.

Such a measure would have dismantled Proposition 13, which was passed in 1978 and reduced property taxes for both homes and businesses.

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