Proposition 15: California Voters Reject Effort To Revise Commercial Property Tax RulesCalifornia voters have rejected Proposition 15, which sought to increase funding for public schools and community colleges by changing the way commercial and industrial properties are taxed, the Associated Press projected Tuesday.
Local Congressional Races, Statewide Propositions Still Too Close To CallIt's been nearly one week since Election Day, but there are a number of local congressional races and statewide propositions that remain too close to call.
Prop. 15 Effort To Revise 1978 Commercial Property Tax Rules Narrowly LosingIf passed, Prop. 15 would adjust the original 1978 California Prop. 13 by basing property tax rates on current market value for commercial properties valued at more than $3 million.
Election 2020: Opinions Remain Split On California Prop. 15 Economic ImpactA key issue on this year's ballot is Proposition 15, which would adjust the original 1978 California Proposition 13, and allow commercial properties to get taxed at their fair market value rather than the value at the time when they were purchased.