Houses in Santa Clara. Photo by Tomwsulcer via Creative Commons.
In summary
Why a split roll initiative is a bad idea: Changing Proposition 13 to permit commercial property to be taxed at market value would worsen the housing crisis and destabilize government finances.
Just as taxpayers make adjustments to reduce their taxes, government officials embrace projects that will increase revenue.
My turn: Changing Prop. 13 could worsen housing crisis. Here’s how
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In summary
Why a split roll initiative is a bad idea: Changing Proposition 13 to permit commercial property to be taxed at market value would worsen the housing crisis and destabilize government finances. Just as taxpayers make adjustments to reduce their taxes, government officials embrace projects that will increase revenue.
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