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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

SPLIT ROLL — THE BATTLE HAS BEGUN!

January 11, 2018

In December, a split roll tax initiative was filed by California Calls and the League of Women Voters. California Calls is a grassroots mobilization group typically funded by far-left advocacy groups. This filing means the groups have begun the clock on collecting signatures.

Under the proposal, all business properties will be reassessed to 2020 values and will be reassessed every three years thereafter. Commercial property will lose any certainty and one can only imagine the impact and cost to long time property owners. How much a property purchased 10 – 20 – 30 or even 5 years ago has appreciated in value. The proponents of this effort believe it’s a $12 billion tax.

We will be working closely with allied business and taxpayer groups. Our industry has been preparing for this moment for some time. The campaign will be very costly but the costs of this tax are much greater!

We will keep you posted as more information becomes available – for now, we just want to make sure you know that the first major shot in this battle has rung-out!

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