Dan Walters: Decades-old Battle Over Prop. 13 Flares Again

Proposition 13, the famous – or infamous – property tax limit passed by voters in 1978, requires property to be reassessed upon a "change of ownership." For homeowners, that's an easily understood provision. When one buys a house, its base tax value is pegged at its sales price. When it comes to commercial property, however, change-of-ownership rules adopted by the state three decades ago are anything but simple.

 

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