Commercial properties finagle out of property taxes
Blog by John Fensterwald/Educated Guess
With state funding of K-12 schools stuck on empty for at least several more years, school districts and teachers unions are starting to sound the call for more local authority to raise taxes. That’s not likely to happen, however, until the Legislature has the fortitude to confront the distortions caused by Proposition 13’s stranglehold on the state’s tax system. A new study by the California Tax Reform Association and the Alliance of Californians for Community Empowerment adds evidence to begin that discussion. The 122-page “System Failure: California’s Loophole-Ridden Commercial Property Tax” details what others have broadly asserted for years: Since the passage of Proposition 13 three decades ago, residential property owners have borne an increasingly larger proportion of the property tax. (more...)