A tax revolt that stunned politicians

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fmailchi.mp%2Fhjta.org%2F33wricf1l0-918022 Tweet ([link removed]: https%3A%2F%2Fmailchi.mp%2Fhjta.org%2F33wricf1l0-918022)
[link removed] Forward ([link removed])
[link removed]
Contribute ([link removed])
You are receiving this email because you subscribed on the HJTA website, or you provided your address in response to direct mail. Please see the bottom of this message to unsubscribe.



** HAPPY 46TH ANNIVERSARY TO PROPOSITION 13: THE HISTORIC TAXPAYER PROTECTION INITIATIVE WAS APPROVED BY VOTERS ON THIS DAY IN 1978
------------------------------------------------------------
On June 6, 1978, California voters went to the polls and changed history.

Proposition 13 was approved by nearly two-thirds of the electorate and quickly put a stop to skyrocketing property taxes that were rising annually with inflation. Before Prop. 13, property in California was assessed at full market value and there was no cap on the tax rate.

Californians had to pay an average tax rate of 2.67% of the current market value of their home or business property, every year, as a condition of keeping it. Many people couldn't afford to keep their own property, even if they owned it free and clear. (Check our Guessing Game calculator ([link removed]) to see what you'd be paying in property taxes today if Prop. 13 had never passed.)

Prop. 13 cut the tax rate to 1%, reducing taxes immediately, and it capped the annual increase in the assessed value at 2%. So even if inflation drove the market value of property up by 10%, 15% or even 20%, the assessed value of property could not rise more than 2% per year for as long as it was under the same ownership.

At the same time that Prop. 13 protected Californians from being taxed out of their property, this historic initiative also protected local governments from wild fluctuations in tax revenue. The value of the assessment roll climbed steadily, year after year, as properties were reassessed when the ownership changed or the properties were significantly improved. Today, the assessed value of property in Los Angeles County is on track to exceed $2 trillion for the first time ever.

Proposition 13 contained other taxpayer protections, too. It required a two-thirds vote in each house of the state legislature to pass new or higher taxes. It required voter approval of local taxes. It banned certain other taxes to ensure that governments would not be able to get around Prop. 13's protections by charging property owners new taxes based on the value of their property.

The Howard Jarvis Taxpayers Association was founded in 1978 to protect Proposition 13 from unrelenting attacks by politicians and special interests seeking ways to take more and more of your money. We are proud to continue this fight for California taxpayers every day.

If you're not already a member of the Howard Jarvis Taxpayers Association, June 6 is a perfect day to become one. Go to www.HJTA.org ([link removed]) and click"Join." ([link removed]) Welcome!

You can support the work of this great organization by donating to HJTA or to the Howard Jarvis Taxpayers Foundation (donations to the Foundation may be tax-deductible). For more information on how to protect Proposition 13, visit our website at www.HJTA.org ([link removed]) or click here to "Take Action." ([link removed])

Congratulations to all California taxpayers on the 46th anniversary of Proposition 13. California led a nationwide tax revolt in 1978 and we are proud to continue that work today.

With gratitude,
Jon Coupal
President, HJTA

P.S. Join us every Tuesday evening at 6:00 p.m. for the Howard Jarvis Radio Show, live
on both 790 KABC in Southern California and 560 KSFO in Northern California, and streaming live everywhere on KABC.com and KSFO.com.


**
------------------------------------------------------------
Don't Forget To Follow Us On Social Media
[link removed]
Facebook ([link removed])
[link removed]
Twitter ([link removed])
[link removed]
Website ([link removed])

============================================================

Copyright © 2024 Howard Jarvis Taxpayers Association. All rights reserved.
621 S. Westmoreland Avenue, Suite 200, Los Angeles, CA 90005
** unsubscribe from this list ([link removed])
** update subscription preferences ([link removed])