PROTECTING HOMEOWNERS AND CUTTING THEIR TAXES
THE PROBLEM:
Since Prop 13 passed in 1978, the residential share of property taxes has skyrocketed from 55% to 72% statewide.
When corporate loopholes take billions of dollars from schools and local communities, homeowners and renters get nickel and dimed with higher fees, fines and other taxes to help cover the difference. Since 1978, these other charges and taxes have increased from 28% to 51% of locally generated revenues.
THE SOLUTION: PROP 15 PROTECTS
HOMEOWNERS AND RENTERS!
Prop. 15 maintains all Prop. 13 protections for homeowners and renters, and it goes a step further by giving homeowners a tax cut – an average savings of $121 per household.
To make sure these protections can never be tampered with, Prop 15 places its protections for homeowners and renters into the California Constitution where they can only be changed by a vote of the people.
Prop 15 rebalances the scales by closing corporate property tax loopholes benefitting wealthy corporations at the expense of California homeowners and small businesses.