Prop 15 in a Minute: Commercial Property Tax
Clip: Season 2020 | 56s | Video has closed captioning.
Prop 15 supports an amendment to California’s constitution to require commercial and industrial properties to be taxed based on market value and not purchase price. Analysts estimate the higher taxes would generate $7.5 to $12 billion in tax revenue in most years, which supporters say would be poured back into schools and local government.
Problems Playing Video? | Closed Captioning