Of the 691 registered voters surveyed, 54% said they supported a measure that would ease property tax protections established by the landmark 1978 ballot measure Proposition 13. Under the proposed 2020 initiative, local governments and schools could tax larger commercial and industrial properties based on their market values rather than the values based on when the properties were purchased, resulting in as much as $10 billion annually in new revenue.

Source: Los Angeles Times May 25, 2018 07:07 UTC