Should Prop 13 be changed?


Should Prop 13 be changed?

Gov. Jerry Brown is suggesting he might push the Legislature and public to approve some sort of change in Prop 13 to help fix California's budget problems.

Prop 13 limits property taxes to 1 percent of a parcel's assessed valuation and it limits annual increases in the tax to just 2 percent.

Over more than 30 years of Prop 13, neighboring parcels that were sold at different times might pay vastly different property taxes, with earlier buyers paying less than newer buyers. Because businesses sell properties less often than homeowners, the taxes collected on businesses can be lower than those on homes.

What changes, if any, would you like to see in Prop 13? What's at stake for you in this coming debate?