July 23, 2019
For more than 40 years, Prop 13 has provided property tax certainty to homeowners, renters and businesses. Under Prop 13, general property taxes for both residential and business properties are calculated based on 1% of the purchase price. Annual increases in property valuations are capped at 2% per year, which helps provide certainty to homeowners and businesses that they will be able to afford their property in the future.
Prop 13 also benefits renters, small businesses and all Californians by preventing skyrocketing increases in property taxes that get passed along to tenants and consumers in the form of higher rent and higher costs for goods and services.
Take Action to Protect Proposition 13
Go to www.FightForProp13.org and to learn the facts and sign up as a supporter of the coalition.