8 Reasons Why California’s Proposition 13 Still Matters Today
2 Guarantees: Death & Taxes With California’s passing of Proposition 13 in 1978, taxation became a heated issue amongst voters and a third-rail issue amongst politicians. Proposition 13 was voted in by way of a ballot initiative which gave voters a direct line of power to wield and they did so with staggering power. Prop. 13 set a cap on the level of property taxes on any given home to 1% of that home's 1978 assessed value. A home could only be reassessed if a change in ownership occurred, at which point the taxes could not exceed 1% of that value. The disparity could be seen in public services, neighborhood equity, and even the discontent of some new homeowners. Now, nearly 30 years later, we look at the impact it continues to have today in California and across the nation.