California Prop 15 amends the constitution to enable commercial properties to be taxed at market charge in preference to pick sign. There are exceptions for properties zoned as commercial agriculture and companies valued below $3 million. This proposition revises 1978’s Prop 13, which requires all California properties (residential and commercial) to be taxed at their pick sign with an annual develop of 2% or inflation, whichever is decrease. Of the contemporary tax income, 60% would stir to native governments and 40% to varsity districts and neighborhood colleges. Residential properties (i.e. homes) are no longer affected.
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