LIMITS ON PROPERTY TAX ASSESSMENT.
SEISMIC RETROFITTING OF EXISTING BUILDINGS.
LEGISLATIVE CONSTITUTIONAL AMENDMENT.
Put on the Ballot by the Legislature
Provides that construction to seismically retrofit buildings will not trigger reassessment of property tax value. Sets statewide standard for seismic retrofit improvements that qualify. Fiscal Impact: Minor reduction in local property tax revenues related to the assessment of earthquake upgrades.
YES A YES vote on this measure means: Earthquake safety improvements made to unreinforced masonry (such as brick) buildings would not result in higher property taxes until the building is sold.
NO A NO vote on this measure means: Earthquake safety improvements made to unreinforced masonry buildings would continue to be excluded from property taxes but for only up to 15 years.
PRO Proposition 13 makes a necessary change to our state's constitution in order to eliminate a dangerous disincentive for property owners to upgrade un-reinforced masonry structures in order to improve earthquake safety. This proposition promotes fairness by eliminating the unequal treatment of different types of property which undergo seismic safety improvements.
CON No argument against Proposition 13 was submitted.
- Senator Roy Ashburn's Support
Proposition 13 Committee
- P.O. Box 11444
- Bakersfield, CA 93389
- (661) 861-8100
- No contact information was provided.