Listen to the iHeartMedia interview with Board of Equalization Member Ted Gaines who held a non-partisan informational hearing on Proposition 15, California’s “Split Roll” initiative that will appear on the November ballot. The hearing brought together proponents, opponents, and other interested parties so Board Members and the public can better understand the implications and implementation challenges presented by the initiative.
If passed, the measure will require annual market-value reassessment of commercial and industrial properties and is estimated to increase annual property taxes by $7.5 to $12 billion a year.
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