Proposition 13: Difference between revisions

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