Estimated reading time: 0 minutes, 21 seconds

Commercial Property Tax Hike Fails in California Vote

California voters have rejected Proposition 15, a ballot initiative that would have raised taxes for commercial properties. So reports GlobeSt.com.

The margin is close and the contest had been too close to call in the days immediately following the election.

If Proposition 15 had passed, it could also have driven commercial real estate values downward, and landlords would potentially have been forced to challenge property value reassessments.

Read the full article from GlobeSt.com.

Read 2224 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.