Introduced
by
To place before voters in the next general election a Constitutional amendment to eliminate the Proposal A taxable value “pop-up.” The “pop-up” is where the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner. The measure would make the previous owner’s taxable value the basis for the new owner’s property tax assessment.
Referred to the Committee on Tax Policy
