Loophole In Bill To Close Prop 13 Loophole Removed
Designed to close a loophole in Proposition 13 which has allowed businesses to avoid property tax reassessments upon the purchase of a property, Tom Ammiano’s proposed Assembly Bill 2372 aims…
Bill To Close Proposition 13 Loophole Passed By State Assembly
As the State Senate revived a bill to freeze speculative evictions in San Francisco, the State Assembly passed a bill designed to expand the definition of a “change of ownership”…
Proposition 13 Pigs Have Grown Some Wings
Designed to protect long-term homeowners from a spike in property taxes as property values rise, California Proposition 13 freezes the tax assessed value of a property at its purchase price…