Year Published
2004
Abstract
In what has been called “the tax revolt of 1978”, California voters changed the
face of the California property tax by enacting Proposition 13, or “Prop 13” for
short. Among other significant changes, it abandoned the system of assessing
property taxes based on current market values and introduced in its place a
system based on the acquisition price.
face of the California property tax by enacting Proposition 13, or “Prop 13” for
short. Among other significant changes, it abandoned the system of assessing
property taxes based on current market values and introduced in its place a
system based on the acquisition price.
Research Category