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Line 1: [[File:Prop.-13s-howard-jarvis.jpg\|thumb\|right\|250px\|Proposition 13 backer Howard Jarvis, 1978]] '''Proposition 13''' (officially named the '''People's Initiative to Limit Property Taxation''') was an amendment of the Constitution of California ~~enacted~~approved by voters in 1978, by means of voter direct [https://en.wikipedia.org/wiki/Initiative initiative]. ItKey ~~was~~provisions ~~approved by California voters on June 6, 1978.~~were:  #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. #2/3 majority of state legislature required to raise taxes. #2/3 majority in local elections to increase special (dedicated taxes).

Proposition 13: Difference between revisions

Proposition 13 (view source)