There is no tax relief for homeowners in Prop. 15.

At your request: This week's California Commentary by Jon Coupal
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** California Commentary
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** Prop. 15 backers try to mislead homeowners
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By Jon Coupal

It’s a sign of desperation. When anyone in politics starts making wild claims less than a month before an election, you know something is amiss.

So it is with the proponents of Proposition 15, the “split roll” initiative which would impose the largest property tax increase in California history. Throughout this campaign, proponents have consistently argued that the measure won’t impact homeowners because it just raises property taxes on commercial and industrial properties. But now, they claim that Prop. 15 actually saves homeowners money. This is absurd on its face.

Recent polling suggests that support for split roll is sinking fast, especially among homeowners. This might explain why proponents have, at the 11th hour, countered with the argument that, as corporations have to pay more, the tax burden for homeowners goes down. Nobody believes this.

If Prop. 15 actually reduced taxes on homeowners, it would be in the text of the initiative. It isn’t. If it were true, the impartial analysis by the Legislative Analyst would have said so. It doesn’t. If this were true, proponents of Prop. 15 wouldn’t have waited until three weeks before the election to assert this claim.

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Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). He is a recognized expert in California fiscal affairs and has argued numerous tax cases before the courts.
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