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

STATE LAWMAKER TO PROPOSE CHANGES TO PROPOSITION 13

December 5, 2012

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.

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