Monday, 18 October 2021 | The Latest Buzz for the Appraisal Industry

How a Proposed Tax Might Have Impacted Affordable Housing

A referendum to change how California enacts property taxes, which some argued would address California’s housing affordability issues, was defeated by the state’s voters. Proposition 15 was designed to create a split-roll property tax system in California, with commercial properties being reassessed to market price every three years while residential property would continue to be …

The post How a Proposed Tax Might Have Impacted Affordable Housing appeared first on DSNews.

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