Although this was circulated late last year, we are it sending again because the stakes are so high. Please take some time to look at the Legislative Analyst Office’s 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.
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