Prop 13 Reform Initiatives 2016

[Frederick Sutton]

Hello BP,

I wanted to give everyone an update on some happenings here in California. A ballot initiative is gaining steam to raise taxes on properties valued at more than $3 million. This could effect many owners. Prop 13 has always been a third rail of California politics and it looks like this year there may be some attempted changes. Stay informed as this could greatly effect your investments.

[Katrina Edwards]

Thanks.  I've been watching this too.  A while back there were discussions about modifying prop 13 to exclude "commercial" properties.  It will be interesting to see what happens.  I thought the pressure would ease now that our budget is "balanced".  Perhaps not.