Controversial Prop. 15 Could Change the Way Californian Businesses Are Taxed

Mortgage Professional America, Sept. 28, 2020–Kasi Johnston
California’s Proposition 15 is a “split roll” initiative that would have major implications to the way commercial properties are taxed. Since 1978, the value of any California property is based on its most recent purchase price. Prop. 15 would roll back this protection and require reassessments every three years.
https://www.mpamag.com/commercial/controversial-prop–15-could-change-the-way-californian-businesses-are-taxed-234687.aspx