Campaign TREND. Proposition to Split Roll Property Taxes. WHERE. WHAT. HOW.

WHERE: California

WHAT: November 2018 election in California will include a proposition to split the property tax rolls

HOW would the property tax rolls be split?

• The 1978 cap, Prop 13 would continue to apply to residential property
• The proposition removes the cap for commercial and industrial property
• Exemptions from the split roll would apply to 3 types of property:
  • Small businesses
  • agricultural land
  • up to a half million dollars worth of tangible property