Proposition 13: Difference between revisions
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#Property tax (annual) limited to 1% of value. |
#Property tax (annual) limited to 1% of value. |
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#Assessments limited to increase of 2% per year from 1975 value, unless ownership changed or substantially redeveloped. |
#Assessments limited to increase of 2% per year from 1975 value, unless ownership changed or substantially redeveloped. |
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#State given authority over distribution of property tax revenues. |
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#2/3 majority of state legislature required to raise taxes. |
#2/3 majority of state legislature required to raise taxes. |
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#2/3 majority in local elections to increase special (dedicated taxes). |
#2/3 majority in local elections to increase special (dedicated taxes). |