Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in the ...

The New Fight against—and for—Prop 13 Efforts to hobble—if not destroy—Prop 13 come with nearly every election cycle in California. Its most recent major challenge came in 2020 with Proposition 15, which aimed to remove commercial properties from Prop 13’s jurisdiction.

Proposition 13 established the concepts of a base year value for property tax assessments, and limitations on the tax rate and assessment increase for real property. Passed by voters in June 1978, Prop 13 is an amendment to the California Constitution

On June 6, 1978, California voters overwhelmingly approved Proposition 13, a property tax limitation initiative. This amendment to California’s Constitution was the taxpayers’ collective response to dramatic increases in property taxes and a …

Mar 13, 2025 · This year marks the 40th anniversary of Proposition 13—the landmark citizens’ initiative that limits the property tax rate to 1% of assessed value at the time of purchase and restricts annual tax increases to no more than 2% until the property is sold.

On June 6th, 1978, nearly two-thirds of California’s voters passed Proposition 13, reducing property tax rates on homes, businesses and farms by about 57%. Prior to Proposition 13, the property tax rate throughout California averaged a little less than 3% of market value.

Sep 19, 2016 · Proposition 13 was a landmark decision by California’s voters in June 1978 to limit property taxes. Today, there are many questions about the impacts of these changes. This report examines some of these questions and which of them can be answered by the data available. [Also see our short video Introduction to Proposition 13.]

Limits ad valorem taxes on real property to 1% of value except to pay indebtedness previously approved by voters. Establishes 1975-76 assessed valuation base for property tax purposes. Limits annual increases in value. Provides for reassessment after sale, transfer, or construction.

Proposition 13 (Prop 13), also known as the People’s Initiative to Limit Property Taxation, was voted into California’s Constitution in 1978. It caps the amount property taxes may increase each year. Prop 13 limits property taxes to 1% of the property’s assessed value.

taxation is prescribed by Articles XIII and XIII A (commonly known as Proposition 13) of the California Constitution. Proposition 13 was designed to provide real property tax relief by imposing a set of interlocking limitations upon the assessment and taxing powers of state and local