Rental Property Owners Face Billions in New Taxes

In the midst of a struggling national and state economy, rental property owners and managers in California are being targeted for billions in higher taxes.  With Californiaís budget deteriorating and state revenues continually decreasing, Sacramento politicians and special interests are desperate to find new streams of revenue.

  • Split Roll Property Tax - allows counties to reassess rental and commercial property annually based on its current market value.  By reassessing residential rental property on an annual basis, a split roll system would cost California rental housing providers billions in new taxes.

  • Local Tax Measures - reduces the threshold for local parcel and special taxes from two-thirds to 55%.  This would make it far easier for local governments to pass a variety of taxes on rental property owners, including a per unit parcel tax.

These taxes will hurt renters, rental housing providers and Californiaís already struggling economy.


 
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