Proposition 15 would loosen tax limits on commercial and industrial properties and spend the resulting revenues on local governments and schools. Large corporations, likely to see substantially higher property tax payments, are perhaps the most obvious target of Proposition 15. The proposed constitutional amendment explicitly states it would not change residential property tax rules. How much isn’t clearAdvertisementWhich businesses would pay more property tax under Proposition 15? 13 property tax rulesWhat does Prop.

Source: Los Angeles Times November 01, 2020 15:22 UTC