AAS 033B Study Guide - Final Guide: Viet Thanh Nguyen, Presentation Of A Group, Amy Tan
29 Sep 2020
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Identify and explain the significance of proposition 13 in california. Proposals reduced property taxes by valuing property values by 1975 and limiting the value of immovable property. Annual production of an inflation factor, by not go more than 2% per year. it also prohibits reassessment of five new facilities, except for changing ownership or completing new construction. In addition to reducing property taxes, the initiative also contains the language required by the majority of two-thirds in both legislatures for any increase in state taxes or income, including taxes, and income tax rate. It also requires half of the majority votes in local elections to local governments with special tax increases. In the past, california voters approved tax cuts in counties, or arrangements for county interdependence to change the tax burden on property. But out of the county"s 58 counties, less than 12 counties accept shifting districts, so it leaves a large area of the state.
