Split Roll Tax Initiative 2020 Election
The California Schools and Local Community Funding Act is an $11 billion special interest backed statewide ballot initiative that has qualified to appear on the November 2020 ballot. The measure amends Proposition 13 to raise taxes on commercial property by requiring reassessment at current market value every three years starting in 2020-21–creating a new base year for every commercial property in the state. This type of property tax is known as a “split roll tax” because it splits the property tax roll by commercial vs. residential property. Read more here.
