Proponents of making a dramatic change to California’s landmark Proposition 13 property tax restrictions took their first step to getting a measure on the November 2018 statewide ballot Friday. The change would allow the state to charge higher property tax rates on commercial and industrial properties, an effort known as “split roll” because existing tax protections on homes would remain in place. The attorney general’s office will prepare an official title and summary for the measure and it will receive a financial analysis. From there, advocates will decide if they will collect signatures to put the measure on the ballot. Proposition 13 passed in 1978 amid concerns that rising property taxes could force people out of their homes.

Source: Los Angeles Times December 15, 2017 21:47 UTC