• Established in 1972 · CBPA has over four decades of service to the commercial industrial retail real estate industry
  • Archive for December, 2012

    Dec 5

    STATE LAWMAKER TO PROPOSE CHANGES TO PROPOSITION 13

    Posted by Crystal Whitfield | No Comments

    As if on cue…Yesterday a state lawmaker announced he will pursue an effort to alter Proposition 13 to make it easier to pass local taxes for schools. The L.A. Times reports that Senator Mark Leno (D-San Francisco) said he will introduce a constitutional amendment that would allow local parcel taxes for schools to pass with 55% of the vote, instead of the two-thirds currently required.

    Click here to read the full story.

    We expect this to be the first of many proposals to make it easier to raise property taxes.

    Dec 5

    UNDERSTANDING CALIFORNIA’S PROPERTY TAXES

    Posted by Crystal Whitfield | No Comments

    The Legislative Analyst’s Office has released a report entitled “Understanding California’s Property Taxes,” which provides an excellent primer on the different types of commercial and residential taxation, as well as an explanation of several landmark voter-approved laws, including Proposition 13 and Proposition 8.

    Even if you think you know how Property Taxes in California work, reading this report will be beneficial. We expect this subject area to be a hot topic of conversation in the next Legislative Session…

    The LAO has even produced a video version of the report. Click here for the video version; Click here for the full report.

    Dec 5

    STATEWIDE SPLIT ROLL CONFERENCE CALL

    Posted by Crystal Whitfield | No Comments

    We very much want to thank all of our members that took the time to participate in the Split Roll Property Tax conference call that we hosted the week after Thanksgiving. The response for participation in the call was so great that it swamped our conferencing capabilities! The first steps in defeating a split roll are making our industry aware of the potential threats and getting everyone politically engaged. From the overwhelming participation in the call, we obviously are primed and ready for whatever may come next year.

    As you know, we are founding members of a coalition group named Californians Against Higher Property Taxes. Our coalition website is a good resource for news and information related to attempts to increase your property taxes, including two academic studies that show the negative impacts a split roll would have on California’s economy. Click here to visit the CAHPT website.

    Dec 5

    SWEARING-IN ON MONDAY

    Posted by Crystal Whitfield | No Comments

    On Monday, members of the 2013-2014 California State Legislature will be sworn-in to office. The freshman class of legislators includes the largest number of new faces – 38 – since any class in over 70 years. Last night, your CBPA representatives in Sacramento had the opportunity to meet with about a dozen of the first term legislators at a small “policy dinner.” We were able to speak with new legislators in an intimate setting to educate them about issues important to the commercial, industrial, and retail estate industry, and by the same token hear about legislative priorities.

    One speaker at the event noted that because this incoming class is so large, they will have the opportunity to re-shape the institution into something more modern and collegial. We thought this was sage advice and look forward to working with members of the State Assembly and Senate over the next two years.