ALERT! The Carson City Council on July 15, 2014 will consider supporting a significant change to the landmark Proposition 13, which is protected your property tax rates for several decades.
Property tax rates can only be changed in Sacramento. So why are city councils and school districts all over the state being asked to support such a radical change to our laws?
The proposal before the Carson City Council asks for support of so-called split roll taxation, which considers residential and commercial real estate differently. Sounds great so far, right? After all, sometimes large commercial buildings are not "sold" but are transferred by way of a stock transfer or other means, so no tax assessment is triggered.
What is not discussed, however, is the number of jobs and local businesses supported in those same commercial buildings. A combination of tax hikes and even the uncertainty of potential tax hikes could have devastating consequences. At greatest risk are the local folks who are living in those same residences protected by Prop 13 and whose jobs could be crunched by their commercial spaces facing higher and higher costs.
Too little is understood about the impact of split roll. Tell Carson City Council to Just Say No and save the local community from a little-known fate.
