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New Split Roll Tax Initiative Fails to Make Ballot!

Split Roll tax

Late last year, a law firm representing SEIU-UHW submitted a proposal to California state officials seeking to place a split roll tax proposal on the November 2022 ballot. In application, this new proposal was dramatically different from Proposition 15, a tax initiative that was defeated last year. Preliminary titled as the “Housing Affordability and Tax Cut Act of 2022”, the proposal would tax …

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Proposition 15 Defeat Shows California Prioritizes Growth and Small Businesses

Proposition 15

The defeat of Proposition 15, the state’s largest tax initiative, is indicative of California’s strong preference for economic growth and small businesses. If approved, Proposition 15 would have raised taxes for thousands of local small businesses, while increasing the cost of living for everyday consumers. Fortunately, Proposition 15’s decisive defeat is a strong message to …

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New Culver City Tax Will Cost Commercial Property Owners Millions

Culver City Real Estate Transfer Tax

In response to the COVID-19 pandemic’s drastic impact on local tax revenue, the Culver City’s City Council voted 4-1 voted to play a tax proposal on the November 3 ballot. Voters would follow suit, with Measure RE being narrowly approved at just a margin of 819 votes. BOMA/GLA opposes this measure, as we believe the tax places an unfair onus on property owners …

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Proposition 15 is Defeated!

Proposition 15

Last Wednesday night, the Associated Press officially called the results of Proposition 15. Proposition 15, the largest property tax increase in California history, was defeated last night by a margin of more than 550,000 votes! This ends a challenge to dismantle …

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Property Tax Relief Available for Civil Unrest Damages

tax relief damages

According to the Los Angeles County Tax Assessor, you may be eligible for Misfortune or Calamity Property Tax relief if your property has been damaged by a natural disaster or other unforeseeable, sudden, and unusual occurrences. Filing a claim will temporarily reduce the assessed value of your property – and your property taxes. Granted, these values will remain in effect until …

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Tell Your Friends – Proposition 15 Will Increase Cost of Living and Reduce Government Services

Proposition 15

In the conversation regarding Proposition 15, most people pay attention to how a Split Roll tax regime would raise property taxes and hurt businesses in California. While the economic impacts of Prop. 15 are important to note, more attention needs to be placed on how Split Roll will affect families and important government services. Namely, Proposition 15 will increase basic costs while reducing available revenue for government programs.

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