Archive for May 8th, 2013

Hotel Hypocrisy: Do lower taxes “rob” the state?


Wednesday May 8th, 2013   •   Posted by K. Lloyd Billingsley at 8:37am PST   •   2 Comments

In 1978, California voters passed Proposition 13, which set property taxes at 1 percent of purchase price and limited increases in assessed value to 2 percent. Only when the property was sold could the property be reassessed to market value. Proposition 13 allows businesses to avoid such reassessment if no single entity acquires majority...
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