BREAKING: Prop. 15 Defeated

The Associated Press projects that Prop. 15 will fail with 52% of Californians voting against the measure. The Associated Press article is here.  The LA Times article on Prop. 15’s defeat is linkedhere.

If passed, Prop. 15 would have created a “split” property tax roll. Many commercial and industrial properties would have lost “Prop. 13 protection,” and would have been re-assessed and taxed based upon market value.  Residential and agricultural properties would not have lost “Prop. 13 protection.”

Commercial properties would have been reassessed as early as the 2022-23 fiscal tax year, as discussed in California’s Controversial “Split Roll” Initiative (Prop. 15): The Basics.

By | 2020-11-11T06:09:35+00:00 November 11th, 2020|Leasing|2 Comments


  1. Walt C. November 11, 2020 at 5:13 pm - Reply

    Very helpful, timely and informative.

    • Usman Mohammed November 11, 2020 at 5:14 pm - Reply

      Thank you Walt.

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