12E.3.8 Local Government Revenue Dropped Immediately After Proposition 13

12E.3.8 Local Government Revenue Dropped Immediately After Proposition 13

Description

The chart and accompanying show how the passage of CA state Proposition 13 in 1978 capped property tax assessments at 2% a year, regardless of how actual market value of the home actually rose, and show how this led to a significant loss of tax revenues for local governments across the state

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