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Entries Tagged as 'Proposition 13'

Proposition 13 Winners and Losers

December 12th, 2016 · No Comments · California Real Estate, Hope Ranch Real Estate, Montecito Real Estate, Proposition 13, Santa Barbara Real Estate

On November 30, 2016  Ralph McLaughlin reported for  California’s Proposition 13 is the voter initiative that homeowners love, local governments hate, and politicians consider a third rail. On one hand, the state law caps both the property tax rate and the rate at which the assessed home value can increase. On the other, it reduces the […]

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