Petition Summary
Increases funding for K-12 public schools, community colleges, and local governments by requiring that commercial and industrial real property be taxed based on current market value. Exempts from this change: residential properties; agricultural properties; and owners of commercial and industrial properties with combined value of $3 million or less. Increased education funding will supplement existing school funding guarantees. Exempts small businesses from personal property tax; for other businesses, exempts $500,000 worth of personal property.
Opposition
Stop Higher Property Taxes and Save Prop 13
- American Legion, Department of California
- AMVETS Department of California
- California Black Chamber of Commerce
- California Business Roundtable
- California Chamber of Commerce
- California Farm Bureau Federation
- California Grocers Association
- California Hispanic Chambers of Commerce
- California Restaurants Association
- California Retailers Association
- California Senior Advocates League
- California Small Business Association
- California NAACP State Conference
- California State National Action Network
- California Taxpayers Association
What Does Your Vote Mean
A "yes" vote supports this constitutional amendment to require commercial and industrial properties, except those zoned as commercial agriculture, to be taxed based on their market value, rather than their purchase price.
A "no" vote opposes this constitutional amendment, thus continuing to tax commercial and industrial properties based on a property's purchase price, with annual increases equal to the rate of inflation or 2 percent, whichever is lower.
Supporters
Officials
- Former Vice President Joe Biden
- U.S. Sen. Bernie Sanders
- U.S. Sen. Elizabeth Warren
- U.S. Sen. Kamala Harris
- U.S. Sen. Cory Booker
- U.S. Rep. Barbara Lee
- U.S. Rep. Ro Khanna
- U.S. Rep. Karen Bass
- State Superintendent of Education Tony Thurmond
- Sen. Nancy Skinner
- Sen. Bob Wieckowski
- Sen. Scott Wiener
- Sen. Connie Leyva
- Sen. Holly Mitchell
- Asm. Kevin McCarty
- Asm. Buffy Wicks
- Asm. Rob Bonta
- Asm. Kevin Mullin
- Asm. Kansen Chu
- Asm. Lorena Gonzalez
- Mayor Eric Garcetti, Los Angeles
- Mayor London Breed, San Francisco
- Mayor Libby Schaaf, Oakland
- Mayor Darrell Steinberg, Sacramento
School Districts
- Los Angeles Unified School District
- Oakland Unified School District
- San Francisco Unified School District