Amend Proposition 13/ Property Tax
Adopt the split-roll property tax system, in which income-producing property is taxed at a higher rate than primary residences. Amending Prop 13 should also include automatic reassessments when businesses are sold.
Proposition 13 caps annual increases in assessed value at no more than 2 percent, unless there's a change of ownership or new construction.
If there is a change, the purchase price becomes the "base year" value, and the increase is again limited to no more than 2 percent a year.
The tax itself is capped at a maximum of 1 percent, with an exception for voter-approved debt.
The abundance of corporate property tax loopholes creates a system where the middle-class, our families and our seniors are buried under a mountain of property taxes. Combine this with a tax system that relies on regressive and unpredictable taxes and fees, and we find our state in a perpetual budget crisis.
But tough times offer the best opportunity for change. A grassroots movement around a split roll system is building rapidly. Split roll would rework Prop. 13 to literally split the property tax rolls - assigning unique tax levels to corporations and homeowners and leveling the property tax playing field.
The political forces for split roll are in place. A recent Field Poll survey found that a resounding 61 percent of Californians approve of split roll if it means creating more property tax equity between commercial property owners and individual homeowners. Split roll is supported by a variety of California organizations, including the League of Women Voters and Sacramento legislators from both sides of the aisle have made similar proposals in recent years. Twenty-three other states have already implemented a split roll system, reducing the tax burden for homeowners and combating unfair corporate tax loopholes.
It's time for California to follow suit and reform a system that is bankrupting our state. The longer we wait to reform Prop. 13, the more our state will fall behind. The need for reform has never been more urgent.
source: closetheloophole.com
Elect Lisa Ann Green in 2010 - State Assembly, 53rd District
The Issues
Single Payer Healthcare - Providing healthcare for all with a balanced, holistic approach....
Cannabis Sales Tax/Grow Industrial Hemp-Tax sales of marijuana to adults & grow hemp to increase revenues...
State Bank - to infuse our local banks and credit unions with lending power that will provide for small business owners and student loans
Marriage Equality- Every person should be able to marry regardless of sexual orientation ...
Environmental sustainability-Water Planning, clean air ,ocean protections,, reduce carbon, preserve forests, more open space
Amend Proposition 13 - Adopt the split-roll property tax system applicable to commercial properties..
Instant Run Off Voting - Reduce costly elections
Electoral Reform- Public campaign financing to shift the focus to the issues away from money ruling elections
Eliminating Corporate Personhood, Corporate Welfare - it's about paying a fair share
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Ecological Wisdom
Non-Violence
Decentralization
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Feminism
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