California Election: Proposition 13

Here’s the first of our series on the June 2010 propositions on the California ballot.

What?! Proposition 13 is on the ballot?! It’s not that Proposition 13. This Proposition 13 actually does impact property tax, but it has no opposition.

Proposition 13 would exempt building that are seismically retrofitted from reassessments. This impacts retrofits of unreinforced masonry buildings (these buildings are morel vulnerable to earthquake damage). Currently, these building are exempted from reassessment for 15 years. This would extend the exemption until the property is sold.

Don’t forget to vote on June 8th.

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